SA union launches appeal of Massmart takeover

By Bizclik Editor

Walmart's $2.4 billion takeover of Massmart is being appealed by South Africa's biggest service industry union.

The South Africa Commercial, Catering and Allied Workers Union (SACCAWU) said it had filed a notice of appeal with the country's Competition Appeal Court after Walmart’s takeover was finalised on 20 June.

"We are unhappy with the decision of the tribunal," said Lucas Ramatlhodi, a co-ordinator and secretary for SACCAWU. "The conditions it put on the merger are not binding and they are weak and too ambiguous."



To read the latest edition of African Business Review, click here.


The deal was approved under the conditions that Massmart may not make job cuts for two years, it must honour existing labour agreements and work to develop local suppliers.

South African Unions however were left disappointed that more stringent limits hadn’t been put in place on using local manufacturers.  

In a joint statement, Walmart and Massmart said: "This is not an unexpected development and the companies remain firm in their belief that the transaction rests on solid legal ground."

"SACCAWU's notice of appeal has no impact on the implementation of the transaction."


Featured Articles

Middle East GDP hike of 57% if more women join workforce

By tapping into the potential of next-generation female workers, the MENA region could unlock new economic opportunities, up to US$2 trillion, reports PwC

Dialight supplies LED solutions for industrial safety

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Tech, AI, cloud, cyber speakers at TECH LIVE LONDON

TECH LIVE LONDON events sees technology leaders from IBM, Oracle, Vodafone, JP Morgan, Accenture and the US Space Force among the inspirational speakers

Cyber LIVE adds Vodafone head of cyber Kawalec to line-up

Leadership & Strategy

Musk’s multibillion hostile Twitter takeover – the timeline

Leadership & Strategy

Sustainable moves businesses can make to win customers, IBM