{"id":876145,"date":"2026-09-18T12:00:00","date_gmt":"2026-09-18T10:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=876145"},"modified":"2026-09-18T13:19:00","modified_gmt":"2026-09-18T11:19:00","slug":"big-shift-for-walmart-and-game-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/876145\/big-shift-for-walmart-and-game-in-south-africa\/","title":{"rendered":"Big turn for Walmart and Game in South Africa"},"content":{"rendered":"\n<p>The opening of Walmart at the East Point Shopping Centre has revitalised the retail space\u2014and the US brand has outperformed the Game store that was there before.<\/p>\n\n\n\n<p>Massmart, Walmart&#8217;s South African subsidiary, opened its Walmart-branded store in East Point at the end of February 2026 \u2013 marking its third store in the country.<\/p>\n\n\n\n<p>Since opening, East Point Shopping Centre owner, SA Corporate Real Estate, said<strong> the store has outperformed the Game store, which was there previously.<\/strong><\/p>\n\n\n\n<p>&#8220;Walmart commenced trading at East Point in March 2026 and has already outperformed the Game store it replaced,&#8221; the company said.<\/p>\n\n\n\n<p>It said the new Walmart had achieved a trading density 28.7% higher than Game, over the four months since March 2026.<\/p>\n\n\n\n<p>The store was opened in East Point following Massmart&#8217;s success with its two previous stores in South Africa.<\/p>\n\n\n\n<p>When opening the East Point store, the company said that it came on the back of strong momentum from its previous stores.<\/p>\n\n\n\n<p>&#8220;The Boksburg opening builds on the strong momentum from successful launches in Clearwater and Fourways, where customers have also enthusiastically embraced Walmart\u2019s Every Day Low Price philosophy,&#8221; Massmart said.<\/p>\n\n\n\n<p>The company said the East Point opening was well supported by the local community and created 80 new jobs in the area.<\/p>\n\n\n\n<p>Despite the strong performance of its first three store openings, Massmart has been quiet about further expansions in South Africa.<\/p>\n\n\n\n<p>It initially said that the East Point opening would be the start of an &#8220;accelerated rollout, with a further 21 stores proposed in Gauteng, KwaZulu-Natal and the Western Cape.&#8221;<\/p>\n\n\n\n<p>The retailer has not opened any new stores since its store in the East Point Shopping Centre, and <a href=\"https:\/\/mybroadband.co.za\/news\/business\/657668-walmart-rollout-loses-steam-in-south-africa.html\">told MyBroadband<\/a> in July that it had no new information on store rollouts.<\/p>\n\n\n\n<p>While expansion plans may be stalled for the retailer, its East Point store has performed well since opening, according to the mall&#8217;s owner.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A chance for growth<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/Walmart-logo-2.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/Walmart-logo-2-1024x576.jpg\" alt=\"\" class=\"wp-image-843987\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/Walmart-logo-2-1024x576.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/Walmart-logo-2-300x169.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/Walmart-logo-2-768x432.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/Walmart-logo-2.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p>SA Corporate Real Estate said that Walmart&#8217;s strong performance presented an opportunity for the East Point Shopping Centre to expand its range of stores.<\/p>\n\n\n\n<p>&#8220;Walmart\u2019s introduction has also created opportunities to further enhance the tenant mix, with management pursuing an upmarket coffee offering, additional children\u2019s entertainment and complementary athleisure brands,&#8221; the company said.<\/p>\n\n\n\n<p>The centre currently has over 65 different retailers, including a Pick n Pay Hypermarket, Dischem, and several speciality apparel and sports brands.<\/p>\n\n\n\n<p>East Point Shopping Centre was previously known as the East Rand Galleria, before it was redeveloped in 2016, growing its retail space.<\/p>\n\n\n\n<p>The shopping centre is located close to OR Tambo International Airport, and is connected to the larger East Rand Mall.<\/p>\n\n\n\n<p>East Point Shopping Centre, on its own, has several stores and offers activities outside of shopping, such as Bounce and the Gym Company.<\/p>\n\n\n\n<p>The variety of unique stores and its location in a high-traffic area supported the centre, leading to a roughly 5.9% increase in trading in the last financial year.<\/p>\n\n\n\n<p>The mall&#8217;s owner, SA Corporate Real Estate Limited, is a JSE-listed Real Estate Investment Trust (REIT) which owns several retail centres.<\/p>\n\n\n\n<p>The company noted increases in trading across several other retail properties, which contributed to a large jump in earnings for the REIT.<\/p>\n\n\n\n<p>For the six months ended 30 June 2026, the company earned roughly R580 million in comprehensive income. <\/p>\n\n\n\n<p>This represents an approximately 144% increase in comprehensive income compared with the 2025 interim period.<\/p>\n\n\n\n<p>SA Corporate Property&#8217;s mid-year earnings for 2026 are also already higher than its full-year income from the 2025 financial year.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">SA Corporate Property financial results<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-responsive\"><table class=\"table\" class=\"has-fixed-layout\"><tbody><tr><td><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Six months ended 30 June 2026<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Six months ended 30 June 2025<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>% change<\/strong><\/td><\/tr><tr><td><strong>Revenue<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">R1.51 billion<\/td><td class=\"has-text-align-center\" data-align=\"center\">R1.46 billion<\/td><td class=\"has-text-align-center\" data-align=\"center\">3.5%<\/td><\/tr><tr><td><strong>Operating profit<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">R797 million<\/td><td class=\"has-text-align-center\" data-align=\"center\">R712 million<\/td><td class=\"has-text-align-center\" data-align=\"center\">11.8%<\/td><\/tr><tr><td><strong>Comprehensive income<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">R587 million<\/td><td class=\"has-text-align-center\" data-align=\"center\">R240 million<\/td><td class=\"has-text-align-center\" data-align=\"center\">144.6%<\/td><\/tr><tr><td><strong>HEPS (cents)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">18.32<\/td><td class=\"has-text-align-center\" data-align=\"center\">13.33<\/td><td class=\"has-text-align-center\" data-align=\"center\">37.4%<\/td><\/tr><tr><td><strong>Dividend (cents)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">13.92<\/td><td class=\"has-text-align-center\" data-align=\"center\">13.01<\/td><td class=\"has-text-align-center\" data-align=\"center\">6.7%<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>East Point Shopping Centre&#8217;s new Walmart has boosted the mall and paved the way for new stores to be opened.<\/p>\n","protected":false},"author":131,"featured_media":876171,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"posted","_sma_x_autopost_error":"","_sma_x_post_id":"2100887820743123069","_sma_facebook_post_id":"191437357620492_2208990743254658","_sma_instagram_post_id":"18039365828834530","_sma_x_attempts":1,"footnotes":""},"categories":[9872],"tags":[26565,10387,26566,2819],"class_list":["post-876145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-east-point-shopping-centre","tag-massmart","tag-sa-corporate-property","tag-walmart"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/876145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=876145"}],"version-history":[{"count":20,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/876145\/revisions"}],"predecessor-version":[{"id":876238,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/876145\/revisions\/876238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/876171"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=876145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=876145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=876145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}