Businessday: Government ‘happy’ with Walmart in SA, says Motlanthe

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By: PAUL VECCHIATTO, But deputy president makes no mention of three Cabinet ministers who have appealed against a regulatory decision in bid to have stronger conditions set for merger. Deputy President Kgalema Motlanthe  says  the  government is happy that giant US retailer Walmart has
chosen South Africa as an investment destination.Despite his assurance to Parliament on Wednesday, the government appears to have no unified position on Walmart.Mr Motlanthe made no mention of the three Cabinet ministers who had appealed against a regulatory decision in a bid to have stronger conditions set for the R16,5bn merger of Walmart with local retailer Massmart . Answering  a question  in  the  National  Assembly,  Mr Motlanthe

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said: "The point is that they have gone through everything. They have done a very thorough assessment, they have been through the Competition Tribunal and they were given the thumbs-up. "What they (Walmart) are saying is that all investors must come to South Africa. We agree (with Walmart) and are very happy this is what they have done."Read Full: BusinessDay - Government ‘happy’ with Walmart in SA, says Motlanthe

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