Cape Town – Government’s application to review the Competition Tribunal’s recent decision to approve the Walmart-Massmart merger did not mean the government was against foreign investment, the Ministers of Economic Development, Trade and Industry, and Agriculture, Forestry and Fisheries said today. In a media briefing in Pretoria this morning, the Ministers of Economic … [Read more...] about Government not against foreign investment say Ministers
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South African Fishing Company to Supply Walmart With Hake
Lonrho's seafood division, Oceanfresh, announced on 25 July that its pure Hake Fillets will be sold in 500 Walmart stores in the U.S. beginning in October 2011. The Oceanfresh Fillets come from wild caught, sustainably sourced, nutritious white Hake that is fished in the deep, cold, waters in the Benguela current off the coast of Southern Africa. Hake is a new line for … [Read more...] about South African Fishing Company to Supply Walmart With Hake
Have Your Say on the Walmart/Massmart merger
The Competition Tribunal approved the merger between Wal-Mart Stores Inc. of the United States ("Walmart") and South African retailer Massmart Holdings Limited ("Massmart"), on 31 May 2011, subject to conditions. Because the undertakings are made as conditions for the approval of the merger they are enforceable. The Competition Tribunal indicated that the companies must uphold … [Read more...] about Have Your Say on the Walmart/Massmart merger
Cabinet looking into Walmart-Massmart merits
Pretoria - Cabinet has taken note of the Competition Commission's ruling on the merger of Walmart and Massmart, saying that government is looking into the matter based on its merits. "Cabinet takes note of the ruling by the Competition Tribunal on the Walmart matter and is in full support of the stewardship provided by the three ministers," Cabinet spokesperson Jimmy Manyi … [Read more...] about Cabinet looking into Walmart-Massmart merits
Government to study Walmart-Massmart decision
Pretoria - Government has noted and will study the Competition Tribunal's decision allowing US retail giant Walmart to merge with Massmart. "Government has taken careful note of the decision of the Competition Tribunal as well as the conditions that have been imposed," the Departments of Economic Development, Trade and Industry and the Department of Agriculture, Forestry and … [Read more...] about Government to study Walmart-Massmart decision
