• Change of culture needed

    The right leadership will help SA shed its culture of violence, says Mandi Smallhorne.

  • 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

Loading...
See More

Massmart eyes fresh produce supplier

Jul 12 2011 09:29 Reuters

Related Articles

Cosatu to Walmart: War not over

Cosatu guns for Walmart, youth subsidy

Tribunal: Walmart will create jobs

Unions keep Walmart in their sights

Walmart: Union appeal won't derail deal

SA retailers lose allure after Walmart

 
Johannesburg - Massmart Holdings [JSE:MSM] is looking to buy a local fresh produce supplier just weeks after its own acquisition by US retail giant Walmart, Business Day reported on Tuesday, citing a spokesperson.
 
"Massmart can confirm that an application relating to the potential acquisition of Fruitspot by Massmart was lodged with the Competition Commission today," Massmart spokesperson Brian Leroni is reported as saying.

Johannesburg-based Fruitspot supplies other retailers, including listed chain Spar Group [JSE:SPP], the report said.

Walmart, the world's largest retailer, finalised a $2.4bn purchase of 51% of discount retailer Massmart, after winning approval with minimal conditions from South Africa's competition authorities.

Under the conditions, Massmart must not cut jobs for two years, honour existing labour agreements and work to develop local suppliers. Unions had demanded strict targets on using local manufacturers.
walmart  |  spar group  |  massmart holdings

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
5 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Top 10 richest musicians of all time

Check out the gallery to find out who they are!

 
 

Luxury living

10 of the most expensive things that will leave your jaw hanging!
Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...