History Report Publication date: December 2018 Next publication:

History Year Event 2018 February – Masscash Retail and Wholesale merge into one entity Consolidation of management and buying structures and relocation to Johannesburg 2017 Merger announced between Jumbo and Cambridge with CEO of new Masscash division is Kevin Vyvan-Day, and executive team as follows: Craig Surmon – Retail Operations Bruce Cayzer – Merchandise Bronwynne Bester – HR Thiru Naicker – Finance Andrew Stein – Marketing Riian Pelser – Real Estate Kay Nyawo – General Counsel 2014 Masscash Retail has 46 stores, 27 Cambridge Food and 19 Rhino Cash & Carry stores 2012 Massmart acquires Rhino Cash & Carry in March Kevin Vyvyan-Day joins Cambridge Food from Makro as the divisional Chief Executive 2008 Massmart acquires Cambridge Food in December 2007 Masscash Retail division is launched 1992 Rhino Cash and Carry is started in Kokstad, KwaZulu-Natal 1990 Cambridge Food is started in KwaZulu-Natal

Maryla Masojada | Lead Analyst Carey Leighton | Associate Analyst