ANNOUNCEMENT 11 Feb 2011In February 2011, the government of South Africa announced a change in local-hiring incentives.
NUMBER OF INTERVENTIONS
South African Competition Commission. (14 February 2011). Commission submits its recommendation on Wal-Mart/Massmart merger to the
Tribunal. Available at http://www.compcom.co.za/assets/Uploads/AttachedFiles/MyDocuments/Walmart-Massmart-PRESS-RELEASE.pdf
On 11 February 2011, the Competition Commission of South Africa issued its recommendation to the Competition Tribunal in the proposed merger of South African Massmart with US retailer Wal-Mart. The Commission had been called upon when Wal-Mart annouced its takeover bid of the South African wholesale and grocery enterprise.
In its evaluation of the merger with respect to the public interest, the Commission cited the sourcing of retailed products to be of general concern when approving the merger. With a generally permissive conclusion to the merger, the Commission notes that the merging parties had agreed among other things to "source the majority of their products locally".