south africa

Wal-Mart, the world's biggest retailer, can go ahead with its 17 billion rand ($2.2 billion) purchase of a controlling share of a South African chain, a South African regulatory appeals body said Friday. The Competition Appeal Court upheld a ruling last year by the Competition Tribunal, the government agency charged with promoting competition and protecting consumers.

Major League Baseball's worldwide spread is facing slow going in China and Africa. But America's favorite pastime is working hard to find friends in both areas, starting with footholds in Taiwan and South Africa. MLB is clearly keeping its eye on the ball overseas.

Walmart (WMT) made an offer for 51% of the shares in South African retailer Massmart Holdings for 148 rand ($20.75) per share. The offer represents a 19.2% premium over the 30-day weighted average price on Sept. 23, Walmart said in a statement. Sept. 23 was the final trading day before Walmart...

The U.S. finds itself on the wrong side of the currency manipulation argument this week, as many G20 countries criticize the Fed's $600 billion bond buying plan, which could further devalue the dollar. World leaders say the move breaks the vow of unity made during the last G-20 summit.

Walmart Stores (WMT) may change its plans to buy South African retailer Massmart, choosing instead to take a majority stake in the company. This would allow Massmart to maintain its listing on the Johannesburg Stock Exchange, The Wall Street Journal reported. Sponsored Links Walmart is now...

Wal-Mart Stores (WMT) is planning a $4.6 billion offer for South African retailer Massmart. The deal would value Massmart at 148 rand ($21.10) a share, Bloomberg News said. That's 9.8% higher than the company's last closing price. "We are continuing to deploy our strategy to accelerate growth...

Unilever (UL) announced early Monday that it had agreed to buy beauty care company Alberto Culver Company for $3.7 billion in cash. The deal will make Unilever the world's leading company in hair conditioning, the second largest in shampoo and the third largest in hair styling, Unilever said in a...

British bank HSBC (HBC) is in talks to buy a controlling stake in Nedbank, South Africa's fourth-largest bank. HSBC is in talks with insurer Old Mutual, which currently owns the stake, BBC News reported. HSBC is aiming to acquire as much as 70% of Nedbank in a deal worth as much as 49.9 billion...

Earlier today, YouTube added a vuvuzela button to some videos. Users can locate a little soccer ball icon next to the 360p video-enhancing button. The vuvuzela is the now-infamous horn ubiquitous at the World Cup games in South Africa. Some find the sound annoying, but FIFA decided to keep it...

We hate to toot our own horn -- so we borrowed one. The vuvuzela, the $2.50 plastic trumpet buzzing from the World Cup in South Africa to around the planet, might be the most powerful low-budget annoyance ever. Many fans, players and broadcasters hate it. But how does it play right here at home?...