Wal-Mart set to buy South African retailer Massmart
Wal-Mart is set to enter South Africa after regulators approved its bid for a majority stake in one of the country's retailers.
The US group plans to buy 51% of Massmart for $2.4bn.
Local unions and suppliers had opposed the move, and the competition authorities have granted them concessions.
Karen Allen reports from Capetown.
With comment from Gysbert Du Toit, Marketing Manager of Du Toit Fruit and Iqbal Khan from "House of Monatic" clothing
31 May 2011
- From the section Business