WORKERS will start an indefinite strike on Friday at all group companies owned by Walmart-led Massmart Holdings in South Africa, their union said, creating another problem at the retailer struggling to turnaround.
The South African Commercial Catering and Allied Workers Union (Saccawu), an affiliate of the powerful union Cosatu aligned with the governing ANC, said it will commence the strike from November 19 at all Massmart companies.
Massmart is one of South Africa’s biggest retailers but has struggled lately due to some loss-making diversification into East and West Africa as well as local pandemic-led lockdown restrictions and the July unrest that hit sales and profits.
While it has implemented a turnaround plan which includes focussing on e-commerce and selling of non-core assets outside of South Africa that has increased sales, analysts have said that Walmart-backing is so far its biggest hope to stay strong in a cut throat retail environment
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