Walmart to Open First Branded Stores in South Africa, Expands Market Reach

Walmart plans to open its first branded stores in South Africa, offering locals fresh groceries, household essentials, apparel, and technology. The move comes three years after the US retailer took full control of local retailer Massmart Holdings Ltd. and pledged to arrest a slump in profit. Walmart aims to focus on low prices and offer global brands while partnering with South African suppliers and entrepreneurs. The stores are expected to open by year-end.