Massmart

Massmart Holdings Limited
Company typePublic Subsidiary
JSE: MSM
IndustryRetail
Founded1990; 34 years ago (1990)
FounderMark Lamberti[1]
FateAcquired by Walmart
Headquarters,
Number of locations
411 (31 October 2022)[2]
Area served
Sub-Saharan Africa
ProductsFood, Liquor, General merchandise, Home Improvement
RevenueIncrease R91.564 billion (2016)[3]: 40 
Increase R2.603 billion (2016)[3]: 40 
Increase R1.322 billion (2016)[3]: 40 
Total assetsIncrease R31.883 billion (2016)[3]: 43 
Total equityIncrease R6.183 billion (2016)[3]: 43 
Number of employees
45,000+ (2015)
ParentWalmart (2011–present)
DivisionsMassdiscounters, Masswarehouse, Masscash, Massmart
SubsidiariesMakro
Game
Builder's Superstores
CBW
Websitewww.massmart.co.za

Massmart Holdings Limited 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.[4] As of 31 October 2022, Massmart operated 411 stores in South Africa and 12 other Sub-Saharan countries.[5] Its head offices are in the Massmart House in Sunninghill, Johannesburg.[6]

  1. ^ "Imperial taps Massmart founder as CEO". Fin24.com. Reuters. 20 February 2014. Retrieved 7 August 2019.
  2. ^ "South Africa - at a glance". stock.walmart.com. Archived from the original on 2 June 2021. Retrieved 1 June 2021.
  3. ^ a b c d e "Massmart Annual Results 2016" (PDF). 31 December 2016. Retrieved 22 January 2018.
  4. ^ "Overview of Massmart". Massmart.co.za. 2014. Retrieved 12 February 2015.
  5. ^ "Walmart Investor Relations - Financials Investor Relations > Financials". stock.walmart.com. Retrieved 15 November 2022.
  6. ^ "Stores Close Across South Africa as Violent Riots Intensify". Bloomberg.com. 12 July 2021. Retrieved 23 April 2022.