Reuters | Walmart Inc., has launched a 6.4 billion rand (US$377.6 million) offer for the remaining 47 percent of South African retailer Massmart it does not...
With the general instability of the global economy, corporations like to play it safe; Walmart is an example of a multinational which is making a bold...
(Reuters) – Kenyan retailer Naivas said on Tuesday that South Africa’s Massmart is seeking to buy a majority stake in the family-owned owned supermarket chain. Massmart,...
A South African court approved on Friday Walmart‘s US$2.2 billion takeover of local chain Massmart, giving the world’s biggest retailer its first foothold in Africa. The...
(Reuters) – Namibia’s trade and industry minister is giving Walmart’s takeover of Massmart Holdings approval, provided it does not lead to job losses within the first...
Africa is starting to appear on the radar screens of western retailers as they look for the next growth opportunity in emerging markets while having to...
South African retailer Woolworths will open 16 new stores in other Africa countries this financial year, it said on Friday, as part of the group’s plan...
South Africa’s government is calling for more guarantees that Walmart’s foray into the country will not hit local suppliers and cause job losses. One minister has...
