Massmart Holdings Ltd (MSMJ.J)
JOHANNESBURG, July 30 Massmart Holdings expects half-year profits to fall by as much as 26 percent, the South African retailer said on Monday citing muted sales growth.
* MASSMART HOLDINGS - SALES PERFORMANCE FOR FIRST 12 WEEKS OF 2018 HAS BEEN SOFT WHICH IS A TREND NOTED BY OTHER PARTICIPANTS IN SOUTH AFRICAN RETAIL
JOHANNESBURG South African retailers Woolworths , Massmart and Truworths International are sticking to their investment plans, believing the new president's pledge to revive the economy will outweigh any hit to consumer spending from a hike in VAT sales tax.
* Investments in South Africa still in place (Adds Truworths comments, updates share price)
JOHANNESBURG, Feb 22 South African retailer Massmart Holdings on Thursday posted a 2 percent rise in annual profit, helped by cost cuts as consumers battling high personal debt levels spent warily.