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India

Massmart Holdings Ltd (MSMJ.J)

MSMJ.J on Johannesburg Stock Exchange

7,669.00ZAc
21 May 2019
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Mon, May 6 2019

UPDATE 2-S.Africa's Massmart CEO resigns as retailer eyes Africa expansion

* Exact timing of Hayward's exit not confirmed (Adds analyst quote, background)

South Africa's Massmart CEO Hayward to step down

JOHANNESBURG, May 6 The chief executive of Massmart, Guy Hayward, will step down before the end of 2019 after being at the helm for five years, the South African retailer said on Monday.

UPDATE 2-Massmart to focus Africa expansion plans on Kenya, Zambia

* Cautious outlook for H1 2019 (Recasts with Africa expansion)

South Africa's Massmart earnings drop, cuts dividend

JOHANNESBURG, Feb 28 South African retailer Massmart said on Thursday its full-year headline earnings fell by 31.7 percent to 901.2 million rand ($64.70 million).

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