Business and Technology

July unrest pushes Massmart to sell 15 Game stores

The owner of Game and Makro, Massmart, says it’s selling 15 of its 114 Game stores to stay afloat in South Africa. The group said the July unrest dented the already struggling company’s profits.

Massmart says the looting directly affected 43 of its stores, including Game and Makro. In total, the looting cost Massmart R2,5-billion.

It says about R650-million will not be recoverable from insurers. Massmart expects to have lost 20 percent revenue this year.

Source: eNCA

In other news – WATCH – Cassper Nyovest’s final preparation for tonight’s boxing match against Slik Talk

Rapper Cassper Nyovest is preparing for his fight with YouTuber Slik Talk, to take place tonight, 22 December.

Cassper Nyovest

The Siyathandana rapper posted a video of himself training, saying he was going to knock Slik out. The boxing match will be broadcast on YouTube at 9pm. Learn more

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