Keyword: protectionism

Risking It all on Walmart's Retail Model

Picture: Brave New Films Khadija Sharife - If recent media reports are correct, Walmart, both the world's largest private employer and its largest company, has threatened to pull out of the R16.5 billion merger with Massmart if the South African government insists on imposing conditions to protect local manufacturers. According to Massmart’s CEO, “It would be disruptive of the competition process championed under the Competition Act to impose local procurement targets on one retailer to the exclusion of its...