Weak consumer spending hurt Massmart’s earnings

PUBLISHED: Thu, 23 Aug 2018 10:43:23 GMT

Massmart reports decreased profit margins for their interim results end-July. This was due to unrecovered restructuring costs and weak consumer spending. Headline earnings decreased by 42.2 per cent to R210 million. Joining CNBC Africa for more is Masmmart CEO, Guy Hayward.

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.