History
Founded in 1990 and listed on the JSE Limited on 4 July 2000 at R12.50 per share, the Group is currently a top 40 listed company (by turnover) and is a participant in the JSE Limited’s Socially Responsible Investment Index. Massmart employs over 48,500 permanent and flexi-time staff, and achieved annual sales of R90.9bn for the year ending December 2018.
YEAR |
EARNINGS |
EVENT |
|
| 1990 | R1bn | Massmart was founded, with Makro as the founding entity with 6 stores | |
| 1991 | R1.2bn | ||
| 1992 | R1.5bn | Acquired 378 Shield members in March | |
| 1993 | R2.7bn | Acquired 20 Dion stores in May | |
| 1994 | R3.3bn | ||
| 1995 | R3.5bn | ||
| 1996 | R4.1bn | ||
| 1997 | R4.8bn | ||
| 1998 | R5.8bn | Acquired 14 CCW stores in June Acquired 26 Game stores in July |
|
| 1999 | R8.9bn | ||
| 2000 | R10.4bn | Massmart listed on the JSE Limited in July | |
| 2001 | R11.6bn | Acquired 6 Jumbo stores in April | |
| 2002 | R16.7bn | Acquired 22 Browns and Weirs stores in July Acquired Fumex in January In June Wooltru unbundled its 41% shareholding in Massmart |
|
| 2003 | R20.4bn | Acquired 8 Builders Warehouse stores in February | |
| 2004 | R23.8bn | SHV’s 31% shareholding in Massmart sold to local and international investors in January | |
| 2005 | R25.4bn | Acquired 3 De Lay Rey stores, 14 Servistar stores and 34 Federated Timber stores in June | |
| 2006 | R30bn | Disposal of Furnex in February BEE general staff empowerment transaction announced |
|
| 2007 | R34.8bn | Massmart pays first ever dividend to staff shareholders DionWired is launched Masscash Retail Cash and Carry format is launched |
|
| 2008 | R39.8bn | BBBEE score increased to 49.4% making Massmart the most empowered listed retailer | |
| 2009 | R43.1bn | BBBEE score increased to 55.67% Acquired 6 Cambridge Food stores in December 2008 Acquired 3 Buildrite stores in June 2009 |
|
| 2010 | R47,5bn | BBBEE score increased to 66.14% Walmart expresses non-binding interest in acquiring equity stake in Massmart Walmart, the world’s most successful retailer makes offer to acquire 51% share of Massmart |
|
| 2011 | R53bn | Massmart achieves level 3 BBBEE rating and is recognised as most empowered South African retailer in FM Top Empowerment Companies Survey South African shareholders and regulatory authorities approve Massmart and Walmart merger Massmart and Walmart announce that transaction has been finalised Massmart Thuthukani Trust pays R396 million (pre-tax) to employee shareholders |
|
| June 2012 | R61,2bn | Acquisition of Fruitspot on 2 January 2012 Acquisition of Rhino Cash & Carry Group on 1 March 2012 Competition Appeal Court approves Massmart-Walmart merger on 9 March 2012 |
|
| Dec 2012 | R65,8bn | ||
| Dec 2013 | R72,3bn (53 weeks) | Acquisition of seven Makro stores (R70.8bn over 52 weeks) |
|
| Dec 2014 | R78.2bn | Acquired control of 15 key properties which had previously been leased by the Group |
