South Africa: Unions urge tribunal to reject Wal-Mart

The Congress of South African Trade Unions has said that South African workers, together with workers representatives from around the globe, will demand that the Competition Tribunal protects the local economy and reject Wal-Mart's unconditional entry into the country. Wal-Mart in November made a R16.5 billion cash offer to acquire 51 per cent of Massmart at R148 per Massmart share - a smaller stake than the initial 100 per cent offer in September.