In 2010, walmart planned an eventual entry into 14 African countries. This one done through a major deal to purchase South African Massmart which at the time had expanded into 14 African countries. The deal made Walmart the largest retailer in Africa, maintaining the company’s position as the largest brick and mortar retailer in the world.
Although the deal was delayed by competition commission, walmart’s entry into Africa was eventually approved with little to no exceptional limitations. Competition commissions are government and regulatory bodies setup to ensure fair trade and fair competition with minimal effects on local businesses. A deal as big as walmart will most often have significant effects on small and medium local businesses and thus competition commissions were rightfully positioned to delay the deal although they eventually lost out and wal-mart won sweepingly.
The 5 African Countries With Competition Commissions That Sought To Protect Citizens But Failed:
Push Your Dreams Confidently!
Want to push your dreams in today’s technology-driven, constantly-changing world? You must read Olatorera Oniru’s bestselling digital e-book titled Push Your Dreams available now on Olatorera.com and on Amazon.com.
The Olatorera Consultancy brand has grown from an ambitious solo-preneur to a team of over 50 people highly assertive on providing the seal and stamp of “Africa’s Best” to great businesses in Africa and beyond. Olatorera Consultancy has an annual outline of businesses we work with. We currently do not accept unsolicited applications. To network with the team at Olatorera Consultancy Limited, please add your company to the reviews page here. An Olatorera Consultancy company representative may be in touch with you shortly after reviewing your company’s readiness for business consultation services.