Retail group Massmart, owner of Makro and Game, has warned that its half-year loss will increase to as much as R1.2bn as the Covid-19 pandemic hit sales.
The company’s net loss widened as much as 44% from a first-half loss of R836.1m in 2019, with the company saying the coronavirus has added to its woes.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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