Massmart shares fall

From left, Wal-Mart executive vice president Andy Bond and Mark Lamberti, the Massmart chairman, chat after the announcement of Wal-Mart's bid to buy 51% of Massmart. Photo: Simphiwe Mbokazi

From left, Wal-Mart executive vice president Andy Bond and Mark Lamberti, the Massmart chairman, chat after the announcement of Wal-Mart's bid to buy 51% of Massmart. Photo: Simphiwe Mbokazi

Published Feb 24, 2011

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Shares in Massmart fall mearly 2 percent after the South African retailer forecasts a tough second half as consumers struggle with a slow recovery in Africa's biggest economy.

Massmart , whose shareholders last month voted in favour of Wal-Mart's bid for a controlling stake in the company, is down 1.75 percent to 142.45 rand. - Reuters

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