Wal-Mart Pondering Major Equity Investment?

The world's largest retailer by annual sales Wal-Mart is being linked with a major investment into South Africa. Possibly looking to firm up its emerging market (EM) presence as the one-time dynamic US market slows down and no longer believed to be quite so keen on the mercurial Russian market, Wal-Mart could shift its attention to other EMs like South Africa and Turkey, according to HSBC retail analyst Francisco Chavez. Pointing out that South Africa's dynamic mass grocery retail (MGR) industry has yet to attract investment from A-list international retailers like Wal-Mart and France's Carrefour, BMI believes the most plausible

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