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Walmart Cuts Prices In South Africa

Six days after Walmart completed its acquisition of a controlling stake in South African chain Massmart, it has started advertising price cuts and new business opportunities.

The company took out an eight-page color ad in the country's Sunday Times newspaper to introduce itself to South African consumers. The advertisement included a letter from "the people" of Massmart and Walmart announcing the merger and price cuts by the group's retailers, Game, Dion Wired, Makro and Builders' Warehouse. Massmart also said it intends to create 15,000 jobs in the next five years.

Read the whole story at Independent Online »

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