After a three-year, costly legal battle it seems that at least one government department believes Walmart’s controversial acquisition of Massmart might be good for jobs.

Launching the Industrial Policy Action Plan 2013/14 last week, Trade and Industry Minister Rob Davies said his department had recognised that the economy needed to be more open to foreign competition with the goal of local companies getting access to other countries in return and then, according to media reports: “Walmart’s takeover of South Africa’s Massmart deal has begun to create jobs.”

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