Massmart has evolved a business model that empowers its Divisions to take trading decisions suited to their individual operating needs but within a strategic operating and financial framework set by the Group.
The advantages of this are:
- Consistent Group-wide compliance with national legislative requirements and best governance standards are guaranteed.
- Each Division is committed to implementing Massmart’s core strategy of being a high-volume and low-cost distributor of quality branded consumer goods for cash.
- It ensures that expansion plans add net value to the Group rather than cannibalising existing operations.
- The Divisions are able to extract maximum value from being part of a larger Group with greater access to goods, services and improved terms with suppliers.