CAPE TOWN, March 9 (Reuters) – South Africa’s
government has no immediate plan to contest a court ruling
against its appeal of Wal-Mart’s $2.4 billion
acquisition of local retailer Massmart, a senior
minister said on Friday.
Economic Development Minister Ebrahim Patel made the comment
at a media briefing.
The Competition Appeal Court earlier on Friday shot down the
government’s request to have the deal re-examined, although it
did rule that about 500 previously fired workers should be
reinstated.
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