Cape Town – Makro and Game’s owner Wal-Mart is looking for business opportunities in the rest of Africa, CEO Doug McMillon said this week in Cape Town.
Wal-Mart, the world’s largest retailer which owns a controlling stake in South Africa’s Massmart Holdings, is set on expanding into Africa, McMillon said in an address to the Consumer Goods Forum’s global summit in Cape Town.
“South Africa is a terrific market and it gives you something to work with but our aspirations are for the sub-Saharan African region,” McMillon told the summit. “I get really excited about it. You can put me into that optimistic group.”