Johannesburg - Shares in Massmart Holdings [JSE:MSM] rose on
Tuesday after the Competition Tribunal approved Walmart's R16.5bn ($2.4bn) bid
for a majority stake in the retailer.
Massmart shares were up 1.4% at R142.02 soon after the announcement, having being slightly down minutes before the competition authorities approved the deal with conditions.
Johannesburg's Top 40 - (Tradeable) [JSE:J200] of blue chips rose marginally to 0.57% after the news.