Wal-Mart's Massmart Profit Drops 26% on Currency PressureBy and
South African consumers under pressure from inflation, rates
Sales up 9.1% in first half for Wal-Mart's South African unit
Massmart Holdings Ltd., the South African food and goods wholesaler controlled by Wal-Mart Stores Inc., said first-half profit fell 26 percent as the company held down prices amid stiff competition and low consumer spending.
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