Walmart rides to Massmart's rescue

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Group gets R4bn loan and the help of a supply-chain expert

Mitchell Slape, the American brought in by Walmart to turn around Massmart, has become accustomed to being asked at every turn if the US retail giant is still committed to SA, or planning to throw in the towel.

“I really look forward to the day when that's not a question any more,” said Slape in an interview this week...A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day, Financial Mail or Rand Daily Mail websites? Sign in with the same details.

Source: Loan Digest (loandigest.net)

 

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