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over South Africa by making a deal with "Massmart. Massmart is a leading brand in supermarkets in Africa. Walmart now owns 51% of the South African based brand.
With the deal, Massmart hopes to to open 40 new outlets a year, and not just within the border of South Africa, but also in Nigeria, Malawi, and Zambia, where they already have some known presence.
People fear that the invading Empire will cause pay to be decreased, as well as destroying up to 4,000 jobs. These jobs would be in clothing, footwear, and other such stores due to Walmart's tendency to sell everything anybody could ever want.
The economics minister Ebrahim Patel said that the government must "Make a trade-off between consumption and jobs to protect the economy"
Walmart is an extremely powerful company, but to succeed on the continent, it must first make enough demand to supply before it can become any kind of real power in South Africa
~Paul Ford, Corresponding News from the glorious continent of Africa
http://www.guardian.co.uk/business/2011/oct/10/walmart-massmart-south-africa-merger?newsfeed=true
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