The owner of Makro, Game and Builders Warehouse is adding to the gloomy start to the year. Massmart has announced that it’s consulting with unions and other stakeholders about closing as many as 34 stores.
This could lead to over 1,400 employees losing their jobs. The company says the talks are part of its “store optimisation strategy”. Massmart said in a statement.
“A final decision regarding the potential closure of the stores is dependent upon the outcome of a Section 189 consultation process with our affected colleagues and their representatives.
Massmart, which is owned by US-based Walmart, has not been performing well. The company swung into its first half-year trading loss in two decades last year, thanks to tough trading conditions.
In other news – Ntsiki Mazwai dragged for speaking down on Women with Weaves
Ntsiki Mazwai strikes again and this time her tweets are aimed at black women. It is a new year and the start of a new decade, which many celebrities have dedicated to everything positive in their lives. However, Ntsiki stays trending for all the negative reasons.
Ntsiki made some offensive remarks about women and their weaves saying that black women should focus on their own kinky African hair instead of “mimicking” white women. She even called this widespread pandemic of weaves as a sickness instead of a preference. Read more