Government undemining competition - DA

2011-10-05 22:08
Johannesburg - Cabinet ministers were driving an ideological agenda against Walmart, the Democratic Alliance said on Wednesday.

It claimed the competition authorities were being misused for this purpose.

"Ironically, the real loser here is much needed competition in the retail space," DA trade and industry spokesperson Tim Harris said in a statement.

This was where consumers would benefit from a new entrant to compete with the dominant retailers in the market.

Earlier, the departments of agriculture, forestry and fisheries; economic development; and trade and industry said Walmart's acquisition of Massmart could have a "potentially devastating" effect on local jobs.

They called for the transaction to be sent back to the Competition Tribunal for proper consideration and more effective conditions to be imposed.

The review and appeal were expected to be heard in the Competition Appeal Court on October 20 and 21.

Harris said: "Ministers Rob Davies, Tina Joemat-Pettersson and Ebrahim Patel have missed no opportunity to intervene in the entry of Walmart into this country, despite the competition authorities approving the deal with conditions designed to protect South African jobs and businesses."

The ministers' "knee-jerk" ideological opposition was damaging the country's reputation as an investment destination by creating uncertainty.

"Instead of appealing the Competition Commission's decision, the government should welcome the deal as a massive vote of confidence in South Africa as a gateway to the rest of the continent," Harris said.

- SAPA
Read more on:    massmart  |  da  |  walmart  |  tim harris  |  ebrahim patel  |  tina joemat-pettersson  |  rob davies
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
12 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/News
 

This is what South Africans Googled in 2014!

Find out who and what South Africans were most curious about in 2014!

 
 

I love summer.24

This hilarious song is your new holiday anthem
The world's least visited destination is breathtaking!
LOL treadmill fail!
Google’s top searches of 2014

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

2DAYS ONLY – 30% off Appliances

Coffee makers, blenders, fans, juicers and more. T&Cs apply. Shop now!

2 DAYS ONLY – 40% off books

Get 40% off when you buy 2 books. For two days only! T&Cs apply. Buy now!

Up to 50% off on outdoor gear

Save on chairs, blankets, cooler bags, umbrellas and more. Shop now!

Save on Samsung

Cameras, mobile phones, TVs, Tablets and more. While stocks last. Shop now!

Grand Theft Auto 5

Now available on PS4, Xbox One and PC from R649. Buy now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

You may be emotionally defensive or reserved today. You need to step up today as there may be extra responsibilities to deal with....read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.