"South Africa approved Wal-Mart's $2.4 billion bid for control of retailer Massmart with minimal conditions on Tuesday, giving the world's top retailer a big boost in its plan to expand in fast-growing Africa.
South Africa's Competition Tribunal told Wal-Mart not to cut jobs and work to develop local suppliers, concessions the U.S. firm had earlier proposed itself.
The decision could upset South Africa's influential labour unions, some of whom have threatened the "mother of all boycotts" if the deal were approved.
The government and unions have said Wal-Mart's global supply network could lead to a flood of cheap imports, sparking job losses and squeezing local companies"............LINK
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