The rise of the World Wide Web turned the world of shopping on its head.
One company that cashed in massively was the USA's Amazon.com.
This company is now the biggest eCommerce retailer in the world. And, in spite of Covid-19, lockdowns and (in case you've forgotten) a simmering trade war between the US and China, Amazon's share price has just reached all-time highs.
When looking eas... ››› more
For the last decade, the darlings of the investment world have been the emerging markets. These are the world's big markets like China, India and Brazil. But strangely, the African market has been left out.
Some analysts say it's because it takes too much money, time, patience… well, too much everything to make business work in Africa.
But times are changing… All of a sudden, the world'... ››› more
Yesterday, Massmart released a sales update covering the year to 29 December. And in spite of Massmart saying in the update that the growth in sales was “muted,” the market liked what it saw. Shares in Massmart soared swiftly higher. Let's take a closer look at what Massmart's sales update revealed…
Yesterday, Massmart revealed that it saw a “near 10% rise in full year sales,” reports ... ››› more
Earlier today, Massmart, the South African unit of Walmart, released its interim results. And the results showed the company was struggling amidst the fall in consumer spending. Let's have a closer look at what the results showed…
Massmart “reported a 9.9% fall in first-half profit,” reports Fin24. A cut in consumer spending is starting to bite.
Massmart is South Africa’s second bigge... ››› more
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