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Walmart and Massmart deal finally wins approval

That took more than a year for the Walmart/Massmart deal to win approval from the government and one has to wonder as to what signal this sends out to people who wish to do business with South Africa. On the one hand we want international business, but on the other hand it appears that when somebody wants to invest in the country, such as with Walmart, we make them jump through a series of hoops and really make it extremely difficult for them. That is unfortunate, because obviously other companies are watching and will not be impressed by what they have seen. As it is, our labour laws are somewhat ridiculous, encouraging the lazy and the incompetent to approach the CCMA with groundless cases and although apparently the CCMA is becoming a bit tougher on employees, we still need to change those laws to resemble those of more advanced and successful economies.

Posted by Michael de Broglio on Friday 30-Mar-12 Share on Facebook   Tweet It

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Comments

cherise  said:
on Friday 30-Mar-12 02:51 PM
I find that maybe they also needed to take into consideration how will wal-mart affect the other South African businesses who will be in compettion with them and how our ecnomy and country will respond to this business.

however , they should give themselves a decent time frame to get back to people, because a year later is rediculous.

Liesl  said:
on Friday 30-Mar-12 01:37 PM
Unfortunately a harsh reality - some people are not unemployed they are unemployable!

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Johannesburg based attorney specializing in personal injury matters including Road Accident Fund claims and medical negligence matters. My interests include golf, reading and the internet and the way it is constantly developing. I have a passion for life and a desire for less stress!
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