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Competition Commission investigation extended

The Competition Commission has applied to the Competition Tribunal for a 15 day extension to its (the commission's) investigation period in relation to the proposed Massmart/Wal-Mart transaction, following a request by SACCAWU for an extension to enable the union to present additional evidence.

In response, Massmart and Wal-Mart on Friday, 21 January 2011, participated in a hearing with the competition authorities, to make representations opposing the application for an extension. This included sharing the view that the Competition Tribunal's public hearings would provide further opportunity for SACCAWU to present additional evidence.

"Massmart understands that it is important for all stakeholders to be afforded sufficient opportunity to present their concerns in good faith. We therefore respect the Competition Tribunal's subsequent decision to grant a 15 day extension in order to accommodate the union," says Massmart CEO, Grant Pattison.

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