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South Africa-based, Walmart-owned Massmart has published a sales update for its 2020 financial year, noting trading its fourth quarter improved as ‘many of the previously imposed Covid-19 related trading restrictions [were] lifted, which allowed trading to resume in most categories. However, the continued restrictions on the sale of liquor had a strong impact on its overall performance.
This in-depth guide to South Africa explores the key trends in grocery retail and the growth strategies of the leading retailers in the country.
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