IT CAN only be a matter of time before Wal-Mart lands on the South African shores. With the post-recession US consumer still in intensive care, Wal-Mart, with operations in 15 overseas territories already, will expand further outwards.
SA would be a handy base for expansion into the growing African market, especially if Wal-Mart bought an existing player for an automatic regional footprint.
The normally tight-lipped Wal- Mart, which had been looking at Russia, was surprisingly candid last year when it told analysts it had not found a suitable purchase in that market.
http://www.businessday.co.za/articles/Content.aspx?id=105875
http://www.directinvestment.biz/
Monday, April 12, 2010
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