Walmart is coming! Run Saffers, Run!
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Wal-Mart acquires half of Massmart.[^] Johannesburg - Wal-Mart made a $2.3 billion formal bid for control of Massmart, giving the world's largest retailer a substantial presence in South Africa and paving the way for further expansion across the fast-growing continent. An interesting spin-off here is the ensuing battle: The deal will also likely pit Wal-Mart, which has long battled with organised labour in the United States, against South Africa's powerful trade unions, some of which have threatened to strike against the US firm.
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Wal-Mart acquires half of Massmart.[^] Johannesburg - Wal-Mart made a $2.3 billion formal bid for control of Massmart, giving the world's largest retailer a substantial presence in South Africa and paving the way for further expansion across the fast-growing continent. An interesting spin-off here is the ensuing battle: The deal will also likely pit Wal-Mart, which has long battled with organised labour in the United States, against South Africa's powerful trade unions, some of which have threatened to strike against the US firm.
Links broken Brady :)