Massmart is an African retail and wholesale group with widely recognised and differentiated formats, represented in 408 stores in 13 sub-Saharan countries. It has leading market shares in the general merchandise, liquor, home improvement and wholesale food markets. Its key foundations of high volume, low cost, responsible business and operational excellence enable its price leadership. For more information about the organisation visit: https://www.massmart.co.za/. 

QUESTION ONE 

As a risk management student, you have been allocated a research task by your lecturer Mr Goorah and you are expected to submit a detailed report paper at the end of the semester in which you are expected to address the following questions relating to Massmart.

1.1 Critically discuss the nature of risks that Massmart has been exposed to between the years 2019 to 2023 within its markets. Your response should provide practical examples and illustrations.