• All Share : 48960.95
    UP 0.64%
    Top 40 : 4223.22
    UP 0.59%
    Financial 15 : 13818.69
    UP 0.89%
    Industrial 25 : 55326.31
    UP 0.18%

  • ZAR/USD : 10.5636
    DOWN -0.10%
    ZAR/GBP : 17.7311
    DOWN -0.08%
    ZAR/EUR : 14.6063
    DOWN -0.06%
    ZAR/JPY : 0.1032
    DOWN -0.02%
    ZAR/AUD : 9.7949
    DOWN -0.26%

  • Gold : 1279.4850
    DOWN -0.34%
    Platinum : 1398.0000
    DOWN -0.21%
    Silver : 19.1349
    DOWN -1.58%
    Palladium : 785.5000
    UP 0.45%
    Brent Crude Oil : 109.250
    UP 0.13%

  • All data is delayed by 15 min. Data supplied by I-Net Bridge
    Hover cursor over this ticker to pause.

Thu Apr 24 13:03:34 SAST 2014

Cosatu Western Cape opposes Walmart

Sapa | 28 September, 2010 11:210 Comments

The Western Cape branch of the Congress of SA Trade Unions (Cosatu) is opposed to retailer Walmart's presence in South Africa, the union said on Tuesday.

"We are alarmed that we are even considering an offer from Walmart to take over key strategic national companies in South Africa," Cosatu said in a statement.

This followed the announcement on Monday that Walmart -- the largest retailer in the world -- had made a R30 billion offer to acquire JSE-listed Massmart.

"We will oppose the setting up of any Walmart stores in the Western Cape," the union said.

Walmart was "notoriously anti union" and an affront to workers' rights wherever it operated.

"We call for urgent national action from government to investigate this hostile move by Walmart.

"Companies whose practice it is to abuse workers rights are not welcome in South Africa."

Cosatu said the undermining of rights in one chain of stores would force non compliance in other chains of stores and put South Africa on a downward spiral in terms of labour law compliance.

"Walmart is not welcome in the Western Cape."

The global retail giant, however, vowed to respect the country's labour legislation.

"We respect and honour pre-existing union relationships and are committed to abiding by South African labour laws," Doug McMillon, president and CEO of Walmart International said in a statement on Monday.

To submit comments you must first

Join the discussion & Debate

Cosatu Western Cape opposes Walmart

For Commenters Consideration | Please stick to the subject matter
Thu Apr 24 13:03:34 SAST 2014 ::

COMMENTS [0]