Bloomberg News

Wal-Mart Encouraged by S. Africa Consumer Market, McMillon Says

June 29, 2011

June 29 (Bloomberg) -- Wal-Mart Stores Inc.’s Chief Executive Officer Doug McMillon said he is “very encouraged” about consumer demand in South Africa and sub-Saharan Africa has become “more attractive.”

Massmart Holdings Ltd., the South African retailer that is 51 percent owned by Wal-Mart, has an organizational culture that’s a “good fit” with the world’s largest retailer, McMillon said in an interview on Johannesburg-based 702 Talk Radio today.

To contact the editor responsible for this story: Nasreen Seria at nseria@bloomberg.net


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