date:Apr 09, 2014
Massmart (MSMJ.J), South Africa's No.4 retailer by market value, plans to enter oil-rich Angola with two stores by 2015, a senior executive said, as the unit of Wal-Mart (WMT.N) expands on a continent that is still largely an informal retail market.
Speaking at the Reuters Africa Investment Summit in Johannesburg, Mark Turner, Massmart's Africa director, said one store would open in the first quarter of next year and the other in the third quarter.
We've got two deals that are coming off the g