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

Secure jobs, Patel urges Walmart

Feb 15 2011 11:28 Reuters

Related Articles

ANC, labour divided over Walmart’s bid

Unions get more time in Walmart case

Walmart pledges to sell healthier foods

Union slates Walmart bid approval

Unions back down on Walmart protest

Walmart deal gets the nod

 
Cape Town - The proposed deal between Walmart and South Africa's Massmart Holdings (MSM) should support local procurement and job creation in South Africa, Economic Development Minister Ebrahim Patel said on Tuesday.

Patel said his department is in talks with both the US retailer and South African unions which oppose the deal.

Walmart has bid for a controlling stake in Massmart, but still requires approval from the Competition Tribunal. The Competition Commission has approved the deal with no conditions.

"What we would be seeking to ensure is that there is strong local procurement, that the South African supply base is supported and that our capacity to create jobs locally is highlighted and this is what the conversation with Walmart is about," Patel told reporters.
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
7 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.
 
 

Fire white civil servants in W Cape - Cosatu

If the ANC wins the Western Cape in the 7 May general election, Cosatu will ask it to fire more than half the white senior civil servants.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

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