Walmart is expanding its big-box store presence in South Africa, acquiring a controlling stake in Massmart Holdings, a major retailer. The two chains are blending practices, as WSJ's Devon Maylie ...
The entry of US retail giant, Wal-mart, into Africa with the acquisition of a 51 per cent stake in South Africa’s Massmart is sending shockwaves to incumbents such as Shoprite, Pick n Pay and Spar.
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