Foreign investment should be welcomed

He says that while WalMart and Massmart executives are being cross-questioned by the Competition Tribunal, disgruntled workers were protesting outside the Department of Trade and Industry over the deal.

Louw says that the government should stop trying to protect local businesses, particularly if the country hopes to remain globally competitive. He was addressing members of the Competition Tribunal that is investigating the R16,5-billion merger.

Read more:

• Welcome foreign investment, foundation tells MPs
  
• Ministers' Wal-Mart appeal raises DA's concerns