msm industry retail founded 1990 headquarters sandton south africa number of locations 404 31 july 2016 1 area served sub saharan africa key people guy hayward 2 chief executive officer revenue sales r35 .6588 billion us 3.033 billion q2 2014 3 operating income pretax r729 .9 million us 62.083 million q2 2014 3 number of employees 45 000 2015 parent walmart divisions massdiscounters masswarehouse masscash massmart subsidiaries makro game builder s superstores cbw website www.massmart.co.za massmart holdings limited jse msm is a south african firm that owns local brands such as game makro builder s warehouse and cbw . it is the second largest distributor of consumer goods in africa the largest retailer of general merchandise liquor and home improvement equipment and wholesaler of basic foods . 4 as of 31 july 2016 massmart operated 404 stores in south africa and 12 other sub saharan countries . 1 its head offices are in the massmart house in sandton city of johannesburg metropolitan municipality . contents 1 history 2 divisions 3 walmart acquisition 4 references 5 external links history edit massmart was founded in 1990 beginning with the acquisition of six makro stores . it listed on the jse limited on 4 july 2000 at r12 .50 per share . since its founding massmart has grown both organically and by acquisition . the firm acquisition history includes 990 shield members in march 1992 420 dion stores in may 1993 814 ccw stores in june 1998 26 game stores in july 1998 6 jumbo stores in april 2001 122 browns and weirs stores in july 2002 69 builders warehouse stores in october 2011 13 de lay rey stores 14 servistar stores and 34 federated timber stores in june 2005 16 cambridge food stores in december 2008 43 buildrite stores in june 2009 in december 2011 south africa s competition tribunal approved the acquisition with conditions of fruitspot wholesaler of fresh fruits and vegetables and the rhino group . divisions edit a makro store in milnerton cape town . massmart s stores are organized into 4 divisions . the stores included in each division are as follows massdiscounters dionwired operates in south africa game operates in south africa botswana ghana malawi mozambique namibia nigeria tanzania uganda zambia and kenya beginning may 2015 5 masswarehouse makro operates in south africa two stores in zimbabwe were sold in fiscal year 2011 the fruitspot operates in south africa massbuild builders warehouse operates in south africa botswana and mozambique builders express operates in south africa builders trade depot operates in south africa and mozambique builders superstore operates in south africa kangela operates in mozambique masscash cbw operates in south africa botswana lesotho mozambique namibia and swaziland jumbo cash and carry operates in south africa and botswana trident operates in botswana cambridge food operates in south africa shield operates in south africa botswana lesotho namibia and swaziland walmart acquisition edit in november 2010 walmart the american super chain conglomerate made a bid to acquire majority shareholding 51 % in massmart . at that time the offer was valued at approximately r 17 billion approximately us 2.54 billion or 1.54 billion . 6 7 on 18 january 2011 massmart shareholders voted in favour of walmart s offer of r148 per share . 7 the south african competition commission tribunal gave its approval of the acquisition of 51 % of the firm in may 2011 . 8 shortly thereafter in june 2011 walmart completed the purchase of 51 % of the company s stock . 9 in august the south african ministries of trade and industry economic development and agriculture and fisheries lodged an appeal to the decision of the competition tribunal s decision to allow the merger with minimal conditions this follows an appeal filed earlier by saccawu a local labor union . in march 2012 the appeals court dismissed the case by the governmental ministries but acknowledged that there were legitimate concerns about the effect of the deal on small producers and employment . the appeals court decision effectively put an end to the legal challenges to the merger . 10 references edit a b information for walmart investors unit counts & square footage . retrieved august 18 2016 . moorad zeenat 13 april 2014 . changing of the guard at retail giant massmart . business day south africa . retrieved 12 february 2015 . a b massmart . august 2014 . interim results to 29 june 2014 pdf . massmart.co.za . retrieved 12 february 2015 . massmart . 2014 . overview of massmart . massmart.co.za . retrieved 12 february 2015 . business daily reporter . 12 february 2015 . nairobi s garden city mall to open doors in may . business daily africa nairobi . retrieved 12 february 2015 . smith nicky 29 november 2010 . wal mart offers 16.5 billion rand for 51 % of massmart . bloomberg news . retrieved 12 february 2015 . a b bbc news . 17 january 2011 . south african retailer massmart backs sale to wal mart . bbc news . retrieved 12 february 2015 . bbc business . 31 may 2011 . wal mart cleared to buy south africa s massmart . bbc news . retrieved 12 february 2015 . team trefis 10 june 2011 . wal mart takes on africa with massmart . forbes.com . retrieved 12 february 2015 . tiisetso motsoeneng and wendell roelf 9 march 2012 . wal mart wins final go ahead for massmart deal . reuters . retrieved 12 february 2015 . v t e walmart walton family 1st generation sam walton james bud walton helen walton 2nd generation s. robson walton john t. walton christy walton alice walton jim walton ann walton kroenke nancy walton laurie 3rd generation josh kroenke whitney kroenke burditt lukas walton chairmen sam walton s. robson walton greg penner president ceo sam walton david glass lee scott mike duke doug mcmillon current assets united states walmartlabs amigo supermarkets sam s club walmart discount stores walmart neighborhood market walmart supercenter walmart supercenter jet.com international asda asda mobile bompre o massmart seiyu walmart canada walmart chile l der walmart de m xico y centroam rica bodega aurrer brands sam s choice white stag former assets hypermart usa marketside m s club supermercado de walmart walmart express yihaodian see also criticism of walmart wal mart the high cost of low price people of walmart history of walmart list of assets owned by walmart why wal mart works ; and why that drives some people c r a z y external links edit official website retrieved from https en.wikipedia.org w index.php title massmart & oldid 739006973 categories companies based in johannesburgretail companies of south africaretail companies established in 1990companies listed on the johannesburg stock exchangehidden categories use dmy dates from november 2012use south african english from november 2012all wikipedia articles written in south african english navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschfran ais edit links this page was last modified on 12 september 2016 at 07 27 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view