SA's reputation as an investment destination in spotlight

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South Africa's reputation as an investment destination will be in the spotlight today, when the Competition Appeal Court will release its judgment on the review of the Walmart-Massmart merger.
Judge Dennis Davis will hand down judgment in Cape Town.
The world's largest retailer, Walmart paid R16.5b for a 51% stake in Massmart, South Africa's biggest food and general goods wholesaler, in June.
This was after the Competition Tribunal approved the deal, subject to certain voluntary conditions.
However, the government objected to the deal, arguing that the tribunal should have looked at whether the merger benefited local suppliers and job creation.
The SA Commercial, Catering, and Allied Workers' Union filed a separate appeal on the grounds that the tribunal had failed to take adequate consideration of the public interest.