South African Retailer Massmart Announces Extensive Annual Loss of $106 Million

Photo: Ventures Africa  Massmart Holdings, a South African retailer, has announced Friday an extensive annual loss of about 1.6 billion rands ($106 million), jeopardized by damages in the store and dropping trading income because of looting last year during the nation’s civil unrest.  According to the wholesale group, which Walmart Inc mainly owns, it foresees […]