Archive for the 'South Africa' Category

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AMERICA’S BEHEMOTH NOW AFRICA’S BEAST…

Wednesday, October 6th, 2010

While I’ve often referred to Walmart at the Bentonvile Behemoth, The Ghanaian Journal prefers the more pejorative Beast in referring to the company poised to swallow South African-based retailer Massmart for a reported $4.1 billion. Four billion dollars doesn’t count as an “every day low price”, but Wal-Mart, the world’s biggest retailer, hopes it has […]

“We are committed to the principles of freedom of association for our employees and regard union membership as an important indicator of this commitment.”

Tuesday, September 28th, 2010

So says the South African company that Walmart wants to buy.

A BEACHHEAD FOR TWO CONTINENTS…?

Monday, September 27th, 2010

As Jonathan notes below, Walmart is in discussions to purchase Massmart, the third largest retailer (by value) in South Africa. If completed, the deal would be Walmart’s largest purchase since in bought British supermarket chain ASDA more than 10 years ago. From Reuters: Wal-Mart has made a non-binding proposal of 148 rand per Massmart share, […]