At the end of September the rumours were put to bed as Wal-Mart made a formal but conditional offer for Massmart, of R32 billion. To put this in perspective this amount is less than 20% of Wal-Mart’s present annual operating income of $24 billion and a fraction of their $408 billion (R2.8 (…)
Wal-Mart: Predator Capitalism and the Great Game
By Glenn Ashton