How much will Wal-Mart pay for buying Massmart? [originaltext]

News Item 2
    International investors are showing a growing interest in Africa’s retail market. (7) American retail giant Wal-Mart is in preliminary talks to buy South African wholesaler Massmart for more than $4 million. And the Dutch-based supermarket network SPAR recently opened a new outlet in Nigeria.
    If Wal-Mart’s offer to buy Massmart goes through, it would give the world’s largest retailer a major foothold in Africa. (8) Massmart with chains such as Dion Wired, Game and Macro, is the third largest distributor of consumer goods in Africa with 288 stores in 14 countries. " It shows other people that there is a lot of confidence in the real economy in South Africa. It’s certainly a meaningful investment outside of banking and mining where we have seen most foreign activity in the South African economy, " said Economic analyst Mike Schussler.