From Independent Online
Massmart Holdings, South Africa’s biggest food and household-goods wholesaler, said it has met “several important players” in Kenya’s retail industry as the unit of Wal-Mart Stores Inc. seeks expansion abroad.
“Massmart’s interest in investing in Kenya is well known,” chief executive Grant Pattison said in an e-mailed response to questions.
“We don’t however, comment on acquisitions, potential, speculative or otherwise.”
Read more at iol.co.za