About Massmart

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Massmart Holdings Limited (JSE: MSM) is a South African firm that owns local brands such as Game, Makro, Builder’s Warehouse and CBW. It is the second-largest distributor of consumer goods in Africa, the largest retailer of general merchandise, liquor and home improvement equipment and wholesaler of basic foods.

Masscash was founded in 1990

Masscash executes its strategy through a portfolio of leading financial services franchises; Rand Merchant Bank (RMB), the corporate and investment bank; First National Bank (FNB), the retail and commercial bank; WesBank, an instalment finance provider; and Ashburton Investments, the group’s asset management business.

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Masscash Information

Industry Retail
Founded 1990; 31 years ago
Founder Mark Lamberti
Headquarters
Sandton

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South Africa
Number of locations
423 (31 January 2021)
Area served
Sub-Saharan Africa
Products Food, Liquor, General Merchandise, Home Improvement
Revenue R91.564 billion (2016)
Operating income
R2.603 billion (2016)
Net income
R1.322 billion (2016)
Total assets R31.883 billion (2016)
Total equity R6.183 billion (2016)
Number of employees
45,000+ (2015)
Parent Walmart (2011–present)
Divisions Massdiscounters, Masswarehouse, Masscash, Massmart
Subsidiaries Makro
Game
Builder’s Superstores
CBW
Website www.massmart.co.za

Source – Wikipedia.

 

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