{"id":11445,"date":"2012-06-13T23:14:20","date_gmt":"2012-06-13T21:14:20","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/s-african-court-panel-differs-on-wal-mart-fund\/"},"modified":"2012-06-13T23:14:20","modified_gmt":"2012-06-13T21:14:20","slug":"s-african-court-panel-differs-on-wal-mart-fund","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-court-panel-differs-on-wal-mart-fund\/","title":{"rendered":"S.African court panel differs on Wal-Mart fund"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">CAPE TOWN, June 13<\/span> (Reuters) &#8211; A planned 100 million rand<br \/>\n($12 million) fund from Wal-Mart and Massmart<br \/>\nto help South African suppliers source more goods locally should<br \/>\nbe increased to at least 500 million rand, a<br \/>\nregulator-affiliated panel said.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The majority decision released this week from an expert<br \/>\npanel advising the Competition Appeal Court could put pressure<br \/>\non the retailers to boost funding but will not alter the deal.<\/p>\n<p><span><\/span><\/p>\n<p>Wal-Mart last year spent $2.4 billion on a majority stake in<br \/>\nSouth Africa&#8217;s Massmart, raising concerns of labour and<br \/>\nleft-leaning forces in the government that union jobs could be<br \/>\nlost while a flood of cheap Asian would come into the country.<\/p>\n<p><span><\/span><\/p>\n<p>A South African court in March largely dismissed an appeal<br \/>\nfrom government and unions to roll back approval of the<br \/>\nacquisition, ending months of uncertainty about the status of<br \/>\nthe deal that could pave the way for the world&#8217;s largest<br \/>\nretailer to gain a foothold into fast-expanding Africa.<\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>($1 = 8.3638 South African rand)\t<\/p>\n<p> (Reporting by Wendell Roelf; Editing by Jon Herskovitz)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CAPE TOWN, June 13 (Reuters) &#8211; A planned 100 million rand ($12 million) fund from Wal-Mart and Massmart to help South African suppliers source more goods locally should be increased to at least 500 million rand, a regulator-affiliated panel said. The majority decision released this week from an expert panel advising the Competition Appeal Court [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-11445","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=11445"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11445\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}