Massmart opens Saverite in Mozambique
RETAILER NEWS
Massmart Wholesale - Apr 19th, 13:11
Masscash, a division of Massmart, has expanded its presence in Mozambique with the opening of a newly built Saverite store in the district of Xai Xai, 200km away from Maputo.
The 5,500 sqm store, which will cater for businesses and communities in the surrounding area, will be the country’s biggest wholesale outlet outside Maputo.
Commenting on the opening of the store, Masscash Wholesale Divisional Managing Director, Neville Dunn said: “This will have a positive impact on local businesses in Xai Xai and even further north.”
Local communities have already begun to reap the benefit of the R30 million investment. “From the outset, Masscash has been aware of the importance of creating a store that will support the community. “The immediate benefit has been the upliftment of this community throughout the build itself,” said Dunn. “We have created 59 jobs and all the building materials have been locally sourced.”
Masscash is aware of the many challenges facing local and emerging businesses and is looking to prioritise local manufacturers and suppliers where possible. All fresh produce will be locally sourced creating more employment opportunities, with 45 local suppliers already identified. All liquor for the store will also be locally sourced.
Related News
Uchumi workers to close shop over pay
31/10/2013 - 08:23
Uchumi supermarkets could grind to a halt next Wednesday if employees make good their threat to down their tools. The Kenya Union of Commercial Food and Allied Workers has issued a strike notice dated October 9 to pressurise the supermarket chain's management to meet workers' demands for higher pay.
Manufacturers’ sentiment index jumps to 36,61 in third quarter, Namibia
23/10/2013 - 10:12
The manufacturers’ sentiment index jumped to 36,61 in the third quarter of this year from the -14,89 recorded at the end of the previous quarter, Simonis Storm Securities (SSS) said in a report released earlier this month.
Shoprite operating normally, license intact - minister, Zambia
22/10/2013 - 09:30
Minister of Labour and Social Security, Fackson Shamenda, says Shoprite is operating normally and its operating licence is still in force.
UNZA shopping mall to cost K248m. Zambia
22/10/2013 - 09:06
The construction of a shopping mall to be the property of the University of Zambia (UNZA) Great East Road campus will cost K248 million.
Role of venture capital in Namibian economic growth
22/10/2013 - 08:06
The Namibian Government is injecting huge stimulus into the Namibian economy in order to accelerate the growth of local enterprises. The recent promulgation of the amended Regulation 28 and 29 of the Pension Funds Act has the potential to unlock capital and channel its flow towards entrepreneurial businesses.
