• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

SA wants Walmart fund increased - report

Jul 28 2011 08:20 Reuters

Company Data

MASSMART HOLDINGS LIMITED [JSE:MSM]

Last traded 136.62
Change 6.12
% Change 0.05
Cumulative volume 113698
Market cap 29.66bn

Last Updated: 24/04/2014 at 01:48. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

African unions team up against Walmart

Walmart to sell SA hake

Govt doesn't want to block Walmart deal

Expert: Walmart gives SA global reach

Walmart deal hits Massmart profit

Cosatu backs state on Walmart appeal

 
Johannesburg - The government wants Walmart to boost a fund for local suppliers to R500m from a planned R100m, Business Report newspaper said on Thursday.

South Africa approved Walmart's bid for a controlling stake in local retailer Massmart in May, but imposed conditions on the deal, including the creation of a R100m fund for the development of local suppliers.

The government now wants that fund increased to R500m, Business Report said, citing a government source.

"We believe the conditions should be tougher given the tremendous concerns that are created by this merger," the paper quoted the source as saying.

South Africa's service workers union and the government departments are currently appealing the decision by anti-trust regulators to let the deal go through.
walmart  |  massmart holdings
NEXT ON FIN24X

 
 
 

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
19 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

SAPS waited too long to complain about ad - DA

The DA has told a public hearing that the SA Police Service was "hopelessly out of time" to lodge a complaint against its election advert.

 
 

Latest elections multimedia

13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille
The EFF's ad was banned, see why

Money Clinic

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