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August 21, 2008

Massmart delivers strong results

In an environment dominated by rising food and fuel prices and higher interest rates, retailer Massmart announced what it termed "strong" overall results for the year ending June.

"Given the current economic environment we are cautious about the year ahead, but are confident in our business model and the South African consumer economy," Massmart CEO Grant Pattison said in a statement.

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Posted by StaffWriter at August 21, 2008 9:41 AM