Wal-Mart expands in South Africa

Wal-Mart enters into the  South African market with company purchasing.

The world's biggest retailer network announced on Monday, that the company would buy the 51 percent of the South African Massmart Holding for 2.32 billion USD.

According to the report of The Wall Street Journal; this would be the first step of the American company to enter the growing retail market of South Africa – reports Origo.