Wal-Mart is reportedly convinced that it would strive in the African economic climate following the upwards surge from last year’s economic crisis. South Africa’s Congress of South African Trade Unions (COSATU) in a statement stressed its concerns of possible slave labour following a possible acquisition. COSATU has pledged to “oppose setting up any Wal-Mart stores.”
COSATU has allegedly accused Wal-Mart of being hostile, anti-union and violating workers’ rights and has reportedly already turned to the economic minister to veto the deal. Wall-Mart is not welcome in South Africa, the congress allegedly expressed. However Doug McMillon, President -CEO of Wal-Mart International denied any allegations of hostility and added, “We respect and honour pre-existing union relationships and are committed to abiding by South African labour laws.”
Source: The Budapest Report