R.H. Ghan Commercial Properties has recently learned of Wal-Mart’s decision to expand in the South Africa Market. Bentonville-based Wal-Mart Stores Inc. first announced in September its intent to acquire a majority stake in Johannesburg, South Africa-based Massmart Holdings, a retailer with 290 stores in 12 countries. Wal-Mart bought out 51% of Massmart shares with 97% approval of its shareholders. Kevin Gardner, Senior Director of International Corporate Affairs for Wal-Mart stated on Monday “Massmart is well- positioned in South Africa, and with operations in 12 other countries, they represent a solid platform for growth on the African continent.” With Wal-Mart’s expansion plan, the company will add 288 Massmart unites to its 8,892 retail units. As Kevin Gardner also stated that the Company still believes the deal will result in significant mutual benefits for consumers, employees, and shareholders. (Citywire2011)