Last-minute wrangling at the Competition Tribunal hearing into the Walmart-Massmart merger on Tuesday has led to the postponement of the hearing.
Retail union Saccawu said it will picket the offices of the competition watchdog, demanding it block Walmart’s plan to buy local chain Massmart.
The retailer is famous for reducing inflation by 1% through efficiencies in the markets. Why isn’t government rolling out the red carpet?
South African business tends to be embarrassed about publicly raising constitutional arguments in its defence.
Disagreement over local procurement quotas mooted by the government is at the heart of objections to the Massmart, Walmart merger.
Ethical consumerism is on the rise. Do ethical companies really trump the rest? Research suggests they do, and investors want to follow the money.
The lack of conditions imposed on its entry into SA is worrying.
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/ 24 February 2011
US retailer Walmart’s acquisition of a controlling share in Massmart has attracted more attention than expected, Massmart’s CEO said on Thursday.
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/ 22 February 2011
The Anti-Wal-Mart Coalition is disappointed by the report of the Competition Commission, the SA Commercial, Catering and Allied Workers’ Union said.
The planned purchase of 51% of Massmart by Walmart has its supporters and detractors. Massmart chief executive explains why he thinks the deal is good
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/ 12 February 2011
Sa’s Competition Commission has recommended that retail group Wal-Mart’s proposed acquisition of 51% of equity in Massmart be approved.
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/ 31 January 2011
A senior human resources manager at Toshiba Corp accused a US unit of the Japanese technology company of "systemic" gender bias against women.
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/ 21 January 2011
The Competition Tribunal has given unions an additional 15 days to present more evidence against Wal-Mart’s $2,3-billion bid for Massmart,
Massmart’s shareholders have accepted a takeover by US group Wal-Mart, setting up the world’s largest retailer for a potential battle with unions.
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/ 17 January 2011
Massmart shareholders on Monday voted in favour of global retailer Walmart’s offer to acquire 51% of the local business, according to reports.
Wal-Mart plans to buy a controlling stake in Massmart for more than $2-billion after scaling back its offer for the company’s entire stock.
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/ 4 November 2010
If Wal-Mart succeeded in its bid to buy a share of Massmart, it would mean job losses for the retail and manufacturing sector, union Saccawu said.
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/ 29 September 2010
Massmart executives have contacted labour unions regarding the offer by global retail giant Wal-Mart to purchase the local company for R30-billion.
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/ 27 September 2010
One of the world’s largest retailers Wal-Mart has offered to buy JSE-listed wholesaler Massmart, the South African company said on Monday.
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/ 14 November 2007
The JSE was higher at midday on Wednesday as positive local results extended its gains from the morning session. In the morning, the JSE had opened stronger on Wall Street’s overnight rally, which created positive sentiment for overseas markets. By noon, the JSE’s all-share index had climbed 1,09%.