Pick n Pay sees possibility of Wal-Mart entering South Africa

Write: Raul [2011-05-20]

Pick n Pay sees possibility of Wal-Mart entering South Africa

Wal-Mart Stores Inc. and other international retailers will possibly enter the South African market and have been very active in engagement with local operators, Pick n Pay Stores Ltd. Chairman Gareth Ackerman said.

New entrants would have profound implications for the South African retail market, Ackerman said in a copy of speech to be presented at the company s annual general meeting in Cape Town on June 18.