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Balancing economic development and social welfare in South Africa: The Walmart/Massmart merger

Ken Jacobs, chair, UC Berkeley Center for Labor Research and Education | May 23, 2011

I was invited to South Africa earlier this month to participate in a Competition Tribunal about a proposed merger of Walmart and South African chain Massmart. Facing falling sales in the U.S., Walmart seeks a stake in emerging African markets, and last September offered $4 billion to purchase a controlling portion of Massmart. South Africa … Continue reading »