Wal-Mart Buoying S. African Retailers Is Sell to Investec

Wal-Mart Buoying S. African Retailers Is Sell to Investec

Nadine Hutton/Bloomberg

The FTSE/JSE Africa General Retailers Index has jumped 44 percent since Wal-Mart Stores Inc. announced plans two years ago to buy Massmart Holdings Ltd., South Africa’s largest wholesaler.