DA disapproves intervention by government into Walmart-Massmart deal

Lusanda Bill
21 July 2011

The Democratic Alliance says the intervention by Cabinet into the Walmart-Massmart deal is as good as obstruction of foreign investment.

The party’s Kobus Marais maintains that the holding of public hearings into the deal, despite it already being approved by the Competition Tribunal, sets a dangerous example.

He says Walmart should be welcomed to South Africa with open arms.

He added that the investment will create opportunities for the country to gain access to new markets.