Massmart posts slower rise in half-year earnings

PUBLISHED: Thu, 24 Aug 2017 10:36:03 GMT


Massmart increased its half-year earnings slightly, helped by cost cuts as cash-strapped shoppers spent warily. Diluted headline earnings per share at 149.3 cents. Sales growth, at 0.5 per cent, was slower than earnings growth.

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.