Massmart to open 20 stores in Pan-African expansion – chairperson

South African retailer Massmart is continuing its Pan-African expansion with plans to open about 20 new stores outside its home market over the next three years, the company’s chairman said on Monday. Massmart, majority-owned by US retail giant Wal-Mart, operates nearly 400 stores, including 42 across 12 countries outside South Africa.