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:
- Namibia
- Tanzania
- Malawi
- Swaziland
- Zambia
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