Government swings for productive sector over Walmart
Walmart could single-handedly topple the govenment’s plans to put the economy on a manufacturing- and production-based growth path. That is the rationale behind its decision to appeal the Competition Tribunal’s approval of the Walmart takeover of Massmart. No less than three cabinet ministers came out to bat on Tuesday morning, defending their stance. Their prognosis: if Walmart has its way, we’re doomed. DOOMED, d’ye hear? By SIPHO HLONGWANE.
It’s not very often that three cabinet ministers come out to explain why the government’s crack team of legal eagles is preparing papers to try to interfere in a commercial transaction. But that’s what we had on Tuesday morning at the Union Buildings. Minister of Trade and Industry Rob Davies, Minister of Agriculture, Forestry and Fisheries Tina Joemat-Pettersson, and Minister of Economic Development Ebrahim Patel took turns to explain to the media why the executive was going to appeal the Competition Tribunal’s approval of the Walmart-Massmart deal to the Competitions Appeal Court.
Ebrahim Patel was at pains to explain that the decision itself isn’t strange, and definitely is not an example of the executive sticking its nose in where it doesn’t belong. The Competition Act allowed for the government to intervene in certain ways, and this was just an example of one of those ways. Cabinet essentially wants to impose tougher conditions on the Walmart merger to protect local suppliers and labour.
The government is arguing that Walmart’s global supply chain would mean that local producers, who are anything but globally competitive, would be left out. Among the clauses that they are questioning is the R500 million purse promised by Walmart and Massmart to develop local suppliers. Davies wanted to know whether this would be just putting money into supplier hands, or would Walmart actually do the grunt work in the “developing” part of the “developing local suppliers” clause. Also, would this purse be limited to raw agricultural processes, or would the agri-processing industry be protected too? Would Walmart buy oranges and also orange juice locally?
“The main risk to South Africa that the merger poses is an increase in imports by Walmart/Massmart causing a decline in local manufacturing and production, across a wide range of consumer products including agro-processing, the furniture industry, electronics, plastics and household goods as well as clothing and textiles,” the statement passed around to the media read. “These effects, if realised, will lead to the closure of a number of local businesses and local job losses”.
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No less than three cabinet ministers came out to bat on Tuesday morning, defending their stance. Their prognosis: if Walmart has its way, we're doomed. DOOMED, d'ye hear? By SIPHO HLONGWANE. It's not very often that three cabinet ministers come out to
While the speed and virulence of the disease continue to perplex and horrify scientists, researchers are labouring to develop plans to beat the fungus's effect and preserve the species. The tale of the little brown bat is an object lesson for us all,
The lesson, however - of what 'life and death' really looks like - has remained with me to this day. Although I am probably doomed to stay a perfectionist until the day I die, I've noticed that when it comes to the list of tasks I have to accomplish or
“This legislation in essence gives every individual parent of every student in a classroom a veto over every single lesson plan developed by a teacher,” Lynch wrote. The two other bills Lynch vetoed would extend for two more years the life of the state
Recalling a story in which he took a job as a two-week replacement for a regular math teacher, he received lesson plans to help him along. But not unlike spending a little extra time in the batting cage to get better, he still went in early so he'd
Daily Insider | VDA goes to bat for baseball | SW Washington's ...
Late last week, the Vancouver Downtown Association released a statement supporting the proposal to bring baseball to the city:
“The stadium would be a tremendous community asset,” the statement said in part, “The Bears would become a wonderful regional draw and fulfill a need that has been evident in the Portland Area for some time. Our projects are focused on making our downtown an economic driver for our region. We want to attract more businesses and the jobs that they will bring.”
Vancouver’s Downtown Association is a nonprofit with the purposes of uplifting, unifying, and promoting Vancouver’s downtown.
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