By Khanyisa Tabata
19 November 2011
Deputy President Kgalema Motlanthe has again confirmed that government welcomes Walmart's investment in the country.
Addressing the Gordon Institute of Business Science in Johannesburg, Motlanthe said the US retail giant had carried out an extensive assessment which found that South Africa was a prime destination for foreign direct investment.
Cosatu has serious reservations about the 16-point-five-billion-Rands merger between Walmart and local retailer Massmart.
Motlanthe made no mention of three of his Cabinet colleagues - Minister of Economic Development Ebrahim Patel, Trade and Industry’s Rob Davies and Agriculture, Fisheries and Forestry Minister Tina Joemat-Pettersson – who want the Competition Appeal Court to impose more stringent conditions on the transaction.
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