• SA cities need foreigners

    We need to protect our cities' cosmopolitan nature, says Mzwandile Jacks.

  • Am I a racist?

    Does hating government's arrogance, nepotism and greed make me a bigot, asks Anton Ressel.

  • Recipe for disaster

    Malema's flames of frustration are fuelling white extremism, says Leopold Scholtz.

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.

 
 
 

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

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.
 
 

Must see! The most luxurious dog house!

This dog house comes with a treadmill and hot tub, you have to see it!

 
 

Luxury living

WIN!
Ridiculous demands people with too much money make
8 of the priciest places to dock your yacht
Habits of the world’s richest people

Money Clinic

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

Voting Booth

Government’s call for the private sector to add power to the grid is:

Previous results · Suggest a vote

Loading...