South Africa’s Economic Development Ministry respects the Competition Appeal Court’s decision to dismiss an application brought by labour unions, the department and two others to review the approval of Wal-Mart Stores Inc. (WMT)’s purchase of a controlling stake in Massmart Holdings Ltd. (MSM)
The ministry will study the judgment and consult its lawyers before issuing a more detailed statement, Saleem Mowzer, special adviser to Economic Development Minister Ebrahim Patel, said after the ruling was made today.
The ministry is pleased the court “has recognized the public-interest interest issues that were raised,” he said.
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