The CGCSA's annual conference
opened last week with the association's CEO, Gwarega Mangozhe, calling on the industry to build structures. Gareth Ackerman later reminded delegates that, with the arrival of international players such as Wal-Mart, SA is very much a
part of the global retail world.
Speaking of Wal-Mart, the Competition Appeal Court has finally issued its verdict and has ordered
Massmart to contribute R200 million over five years to a supplier development fund as one of the conditions of approval of the two companies merger. This supplier development programme is already bearing fruit for local suppliers - with
Seven Sisters wines now on shelves in US Wal-Mart stores.
Cape Union Mart is looking to develop local suppliers too, with the group's annual
Suppliers' Open Day taking place this Wednesday.
Have a successful week!
Shan Radcliffe, Group Head - Retail
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