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.
Subscribe to:
Post Comments (Atom)
Cape Crime Crisis Coalition urges government to develop plan to remove guns from South Africa
The Cape Crime Crisis Coalition is urging the government to develop a strategy to eliminate guns from the country. In the last three months,...
-
A man suspected of killing and raping a number of members of the farm worker community in Philippi on the Cape Flats appears in a Cape Town ...
-
''Human behaviour is the main cause of wildfires.'' These remarks were made by the Western Cape’s Local Government, Environm...
No comments:
Post a Comment