Walmart Makes African Debut With South Africa Store Launch
Walmart Inc. (WMT) marked its African retail entry with a Johannesburg store opening, drawing crowds seeking international products and Black Friday deals. The Roodepoort location features 60-minute delivery—a direct challenge to Shoprite’s Sixty60—and created 80 jobs through partnerships with 15 local suppliers.
Investors maintained confidence as WMT closed at $105.32, continuing its multi-year outperformance against the S&P 500. The expansion signals Walmart’s strategic pivot toward emerging markets while leveraging its Core 'Everyday Low Prices' model.