Wednesday, June 1, 2011

South Africa Welcomes Wal-Mart?

This is intriguing. Wal-Mart in South Africa. In fact, they are buying up a company that has stores throughout the African continent. The bid by South African company Massmart has been cleared by South African authorities and it looks like Wal-Mart is moving in, but not without a fight. With all this economic growth going on all over Africa, Wal-Mart's presence could bring other foreign retailers to the continent or prevent African discount stores from prospering, hurting the economy? Plus, there's the worry of how employees will be treated, as many know how infamous Wal-Mart is for that, and the effect Wal-Mart has had on mom-and-pop stores in small towns.

I'm looking at this conversation on BBC News' website. Some people have some interesting insight. What do you all think about this international business move?

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