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Massmart 2018 earnings down nearly 32%

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This is against the backdrop of a difficult economic environment, characterised by low economic and wage growth.

South African retail group Massmart said on Thursday its headline earnings fell 31.7% to R901.2 million in the 52 weeks to December 30.

It said this was against the backdrop of a difficult economic environment, characterised by low economic and wage growth as well as constrained consumer confidence.

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