WAL-MART is focused on strengthening its existing operations in Africa and not expansion into new markets on the continent, the head of its international businesses said yesterday.
Wal-Mart spent $2.4-billion (R19.2-billion) last year on a majority stake in South Africa's Massmart, a discounter with a growing presence on the continent.
Wal-Mart to focus on Africa
WAL-MART is focused on strengthening its existing operations in Africa and not expansion into new markets on the continent, the head of its international businesses said yesterday.
Wal-Mart spent $2.4-billion (R19.2-billion) last year on a majority stake in South Africa's Massmart, a discounter with a growing presence on the continent.
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending
Latest Videos