Wal-Mart Era Begins, South Africa To Be The Main Focus For Now

Wal-Mart's acquisition of the South African general merchandise retailer Massmart, which was finally completed in June 2011 for US$2.4bn (a 51% stake buy that allowed Massmart to retain its Johannesburg listing), is going to have a major bearing on South Africa's food retailing industry over the next few years. Even though Massmart is very much a peripheral part of the food retail scene with most of its business focused on areas like electronics, Wal-Mart has made it clear that it is going to focus largely on food retailing in South Africa. It is expected to launch at least seven of

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