Random Blog
Join JournalHome.com.
Create your own free blog today.
Create Your Blog
Flag this entry/bog.
It will be manually reviewed.
Report This!

6/3/2011 - Walmart is invading south Africa!
Posted in Unspecified

Wallmart bought a big chunk of Massmart for over 15 billion Rand, but the unions, always eager to screw up our economy tried their best to stop the deal from happening.

Sure Wallmart will change things a little, and I have no doubt they will be importing things, but it is up to us as a nation to try our best to be more competitive.

I read a brilliant post by Simon Williamson where he listed all the companies we use, every single day, from banking to fast food and so on. All of those are foreign owned companies, all of them create jobs and, (more importantly), are profitable companies.

The unions probably moaned because they didn’t get their usual cut in the deal or something. I wonder why they are not boycotting Coca cola, KFC, Sony. I am well aware of the ruthless reputation of Wallmart, I have no doubt they will ruffle a few feathers, but that’s not a good enough reason, (I think), to throw your toys out of the cot and shout yourself in the foot.

They are now threatening industrial action(s) because they lost, (the competition tribunal approved the deal). This will send a clear message to investors to avoid South Africa at all costs.
 

Share |


Post A Comment! :: Send to a Friend!

Notify me of followup comments via e-mail.

Share and enjoy
  • Digg
  • del.icio.us
  • DZone
  • Netvouz
  • NewsVine
  • Reddit
  • Slashdot
  • StumbleUpon
  • Technorati
  • YahooMyWeb
About Me

"I never saw a wild thing
sorry for itself.
A small bird will drop frozen dead from a bough
without ever having felt sorry for itself.
"

This is a small blog about my everyday ranting about life in South Africa



Recent Posts
Menu
Calendar
«  May 2012  »
MonTueWedThuFriSatSun
 123456
78910111213
14151617181920
21222324252627
28293031 

Friends
Links
Entry 1 of 67
Last Page | Next Page