Government welcomes Walmart’s investment

Government has welcomed plans by Walmart to open its first branded stores in South Africa later this year.

“Government welcomes Walmart’s investment in South Africa as an expression of confidence in the country. The investment underscores a strong belief in the country’s economic trajectory and confirmation that South Africa remains a reliable investment destination,” the Government Communication and Information System (GCIS) said.

This announcement comes in the footsteps of Walmart’s first growth summit that was held

in South Africa and resulted in the company recruiting small and medium-sized suppliers from South Africa and the rest of the African continent. 

“Walmart’s commitment to sourcing locally produced products will contribute to the growth of the economy and job creation, which are apex priorities of the government’s medium term development plan (MTDP),” GCIS said.

Walmart International President and CEO Kath McLay expressed that the company was thrilled to begin the journey of introducing the iconic Walmart brand to South African associates, customers and communities.

“By listening and working together, we aim to build lasting relationships and deliver a delightful shopping experience that reflects the needs and aspirations of South Africans,” McLay said.

Walmart’s South African stores will offer a wide range of merchandise, including fresh groceries, household essentials, apparel and technology. 

Walmart will also offer a variety of locally sourced products. 

“By partnering with South African suppliers and entrepreneurs, Walmart will bring its signature Every Day Low Prices and global standards to the market, while celebrating the country’s rich culture.

“With sites already in development, these new stores are set to open before the end of the year, with official opening dates to be announced in October. The company will share further details about store locations, hiring and community initiatives in the coming months,” McLay said. -SAnews.gov.za