Wal-Mart Stores may scale back its bid for Massmart to keep the South African retailer listed on the Johannesburg Stock Exchange.

Following consultations with major Massmart shareholders and key South African stakeholders, Wal-Mart is now considering a partial offer to “acquire in excess of 50% of the entire issue of the issued share capital,” Massmart said in a statement to the Stock Exchange today (28 October).

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The company reaffirmed Wal-Mart’s offer at ZAR148 (21.03) per share. The world’s largest retailer made a bid for the South African chain on 27 September and the deal would be its first foray onto the African continent.

Shares in Massmart were down 0.35% at 11:21 SAST

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact