In re: Walmart entering Africa?

“Wal-Mart is eyeing Africa, and has decided to start its push into the continent by offering $4.1 billion for South Africa’s third biggest retailer, Massmart, reports Reuters. … Wal-Mart’s bid comes as South Africa has sought to elevate its profile as a nation primed for investment… Analysts told Reuters that Wal-Mart’s offer is “a big vote of confidence for the South African retail economy and for South Africa” but that a Wal-Mart takeover will have a notable impact on pricing and competition between South African retailers.”

While I have mixed feelings on Walmart and their impact on communities, employees and some other things I see this as probably a good thing for South Africa which during my visit this year seemed like a country ready to step up (I was really impressed despite their problems, the way they ran the world cup.).


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: