Wal-Mart’s South Africa Unit Profit Rises as Food Sales GrowBy
Massmart sees tough second half, potential for better 2017
Retailer plans to open five new stores outside South Africa
Massmart Holdings Ltd., the South African retailer controlled by Wal-Mart Stores Inc., said first-half profit rose 19 percent as increased food and liquor sales offset slower growth in its general merchandise and home-improvement businesses.
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