JOHANNESBURG—It’s another sunny Saturday morning, and car trunks are open, ready for
loading, in the parking lot here as South Africans return from shopping.
“Shopping? Yeah, people here love it,” says a saleswoman in the electronics department of giant
discount retailer Makro, a unit of Massmart Holdings Ltd. “By midday,” she says, “there is a
stampede through the doors.”
Similar scenes across South Africa help to explain why Wal-Mart Stores Inc. is considering
making a 32 billion rand ($4.63 billion) bid for Massmart, which operates warehouse-sized stores
that sell goods ranging from food and liquor to clothing, gym equipment and
JOHANNESBURG—It’s another sunny Saturday morning, and car trunks are open, ready for
loading, in the parking lot here as South Africans return from shopping.
“Shopping? Yeah, people here love it,” says a saleswoman in the electronics department of giant
discount retailer Makro, a unit of Massmart Holdings Ltd. “By midday,” she says, “there is a
stampede through the doors.”
Similar scenes across South Africa help to explain why Wal-Mart Stores Inc. is considering
making a 32 billion rand ($4.63 billion) bid for Massmart, which operates warehouse-sized stores
that sell goods ranging from food and liquor to clothing, gym equipment and
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