South Africa: Competition Appeal Court Orders Wal-Mart to Set Up a Multimillion Rand Supplier Development Fund

press release

The Competition Appeal Court has instructed global retail giant Wal-Mart to set up a R240 million supplier development fund as a condition for it acquiring the South African retailer, Massmart.

In a long awaited decision, the court ruled on Tuesday that the fund was necessary to ameliorate the effect of the merger. It also increased the amount originally determined by the Competition Tribunal by R100 million.

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