Despite losing an absolute fortune on its investment, Walmart has decided to double down on Massmart and make an offer to buy the entire thing. Perhaps “double down” is the wrong description — this is more about “averaging down” as the original deal in 2011 of R148 per share worked out to about $21, whereas this deal at R62 per share is a paltry $3.60. The rand has collapsed over this period, and so has Massmart’s business model.
The retail industry is incredibly tough, especially in SA. Retail chains experience a painful cocktail of load-shedding, electricity inflation well above general inflation, constant pressure on consumers, high security risks and associated costs and challenging supply chains that must run the gauntlet of crime and fuel costs. As Dorothy learnt before Walmart did, we’re not in Kansas anymore. ..
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Capitec slumps on ‘disappointing’ first-half earnings guidanceShares in SA’s biggest retail bank by customer numbers fall the most since July 2020 as the market took a dim view of its trading update Some months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Allison_Grillo I was able to earn R130,000 now am financially stable.
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