By Michelle Avenant
20 July 2011
Cosatu president Sidumo Dlamini raised an outcry regarding the Walmart-Massmart merger in a public hearing in Parliament today.
Dlamini put forward that more jobs will be destroyed than created by the American retail giant’s arrival in South Africa, warning Parliament that Walmart’s immense financial power and lucrative connections with cheap overseas suppliers will be unmatchable for local retailers and food producers.
Dlamini also made mention of Walmart’s bad track record of exploiting its workers, pointing out that employment is pointless if it does not provide an income sufficient for the worker to live by.
Dlamini asked what the point of cheaper products for consumers is, if they cannot afford them because they are unemployed.
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