Retail and wholesale group Massmart has reported that sales rose 15% to R31.6bn (£2.56bn) during the first half to the end of December 2011. Like-for-likes increased 9.2% during the same period.

The announcement follows several price promotions during the half, triggered by Walmart’s acquisition of a 51%majority stake in June 2011, and continued store growth.

The detailed results for the first half are due to be released on February 22.