Results for competition authority

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Competition authority denies RussellStone Protein acquisition
Competition authority denies RussellStone Protein acquisitionArticle

The proposed acquisition of RussellStone Protein by DH Brothers and Seaboard has not been given the go-ahead by the Competition Commission...

23 Apr 2021

Mozambican Competition Regulatory Authority now operational - what this means for business
Mozambican Competition Regulatory Authority now operational - what this means for businessArticle

Almost seven years after the promulgation of the competition legislation, the Competition Regulatory Authority (CRA) in Mozambique has became operational...

26 Mar 2021

Mr Price Group to buy Yuppiechef
Mr Price Group to buy YuppiechefArticle

Mr Price has entered into an agreement to acquire 100% of privately-owned homeware retailer Yuppiechef...

15 Mar 2021

Mr Price buys Durban-based value retailer Power Fashion
Mr Price buys Durban-based value retailer Power FashionArticle

Mr Price Group has concluded an agreement to acquire family-owned value retailer Power Fashion, which currently has 170 stores located across southern Africa...

26 Nov 2020

Image source: Getty/Gallo
Harmony buys AngloGold Ashanti's SA businessArticle

Harmony Gold is buying AngloGold Ashanti's Mponeng Mine and Mine Waste Solutions, which will add approximately 350,000oz to its annual gold production...

13 Feb 2020

Image source: Gallo/Getty.
M6 Group to roll out new TV channel in Sub-Saharan AfricaArticle

New French content to be streamed for West Africa across broadcast channels...

5 Jul 2019

Peermont concludes acquisition of Emerald Resort & Casino
Peermont concludes acquisition of Emerald Resort & CasinoArticle

Gaming and hospitality group Peermont Hotels, Casinos and Resorts has concluded a purchase agreement with Nevada-based Caesars Entertainment Corporation to acquire the Emerald Resort & Casino...

15 May 2019

Over 80% of South Africans rely on state facilities like Chris Hani Baragwanath, the third largest hospital in the world. Shutterstock
Why delays to fixing healthcare are bad news for South AfricansArticle

The release of a final report about the state of competition in South Africa's private health sector has been delayed again...

Wezile Chitha 5 Feb 2019

NWK considering to sell Opti Agri after R290m offer
NWK considering to sell Opti Agri after R290m offerArticle

NWK Limited is considering a proposal for its poultry and animal feed business, Opti Agri, as a going concern following a fixed offer from Country Bird Holdings...

8 May 2018

Hyprop buys two shopping centres in Croatia through co-owned Hystead
Hyprop buys two shopping centres in Croatia through co-owned HysteadArticle

Hyprop Investments has continued its offshore push by acquiring an interest in two shopping centres in Croatia...

Alistair Anderson 23 Feb 2018

Steinhoff shares dive on suspected fraud
Steinhoff shares dive on suspected fraudArticle

Steinhoff International's share price continued to plummet in heavy trade on Wednesday as fears mounted of long drawnout investigations by regulatory authorities in Europe...

7 Dec 2017

Bumper crops harm Omnia's fertiliser sales
Bumper crops harm Omnia's fertiliser salesArticle

Low crop prices prompted farmers to scrimp on fertiliser during the past planting season, Omnia said in its interim results statement...

Robert Laing 29 Nov 2017

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Air Berlin files for insolvency but keeps flyingArticle

Germany's Air Berlin announced that it had filed for insolvency after its main shareholder Etihad Airways said it would not plough any more cash into the troubled carrier...

Michelle Fitzpatrick 16 Aug 2017

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Cartel conduct under investigation in KenyaArticle

Leniency for cartel conduct in Kenya has unique elements, according to pan-African law firm Bowman's...

24 Jul 2017

Coca-Cola Beverages Africa acquires Kenya's Equator Bottlers
Coca-Cola Beverages Africa acquires Kenya's Equator BottlersArticle

Coca-Cola Beverages Africa (CCBA), Africa's largest Coca-Cola bottler has acquired Equator Bottlers, the third largest Coca-Cola bottler in Kenya...

7 Jul 2017

EU approves Opel takeover by France's Peugeot PSA
EU approves Opel takeover by France's Peugeot PSAArticle

BRUSSELS, Belgium: The EU's competition authority has approved the blockbuster takeover of Germany's Opel by France's Peugeot PSA...

6 Jul 2017

Nic Kohler, CEO: Hollard Insurance Group
Hollard completes Regent dealArticle

The Hollard Insurance Group has completed its R1.8bn acquisition of the Regent Insurance Group from Imperial Holdings...

28 Jun 2017

Recent developments in competition law in Africa
Recent developments in competition law in AfricaArticle

Roughly half of the African continent already has competition legislation in place, although some of these systems are not yet functional, but there are new systems coming into force all the time...

Nick Altini 10 May 2017

Competition Commission hosts workshop on automotive aftermarket
Competition Commission hosts workshop on automotive aftermarketArticle

The Competition Commission has received numerous complaints from industry participants across the automotive aftermarket sector over a number of years. Therefore, in mid-March, through its advocacy programme, it hosted a consultative workshop...

Ahmore Burger-Smidt 25 Apr 2017

Aspen's drug pricing faces EU, UK probes
Aspen's drug pricing faces EU, UK probesArticle

Aspen Pharmaceuticals' failure to disclose its 2016 €5.2m Italian competition authorities fine for price gouging has backfired.

Ann Crotty 19 Apr 2017

Two very different responses to Uber - Kenya and South Africa
Two very different responses to Uber - Kenya and South AfricaArticle

Entry of the ride-sharing service, Uber, into passenger transport markets across the world has brought disruptive competition with substantial benefits...

Thando Vilakazi and Shingie Chisoro Dube 27 Mar 2017

Most favoured nation clauses come under competition authorities' scrutiny
Most favoured nation clauses come under competition authorities' scrutinyArticle

The competitive impact of most favoured nation (MFN) clauses has been widely debated around the world over the past few years. MFN clauses have come under the scrutiny of EU competition authorities...

Ahmore Burger-Smidt 23 Mar 2017

#BizTrends2017: How 2016's big competition law developments in Africa will affect 2017
#BizTrends2017: How 2016's big competition law developments in Africa will affect 2017Article

Here is a look at some of the competition law issues that made headlines in Africa during 2016 and how they will impact competition law proceedings this year...

Xolani Nyali 7 Feb 2017

Why new entrants struggle to break into South Africa's retail space
Why new entrants struggle to break into South Africa's retail spaceArticle

Effective competition in the supermarket industry is important because it has far-reaching implications for consumers and suppliers...

Reena das Nair 7 Feb 2017

Arcelor empowerment boost
Arcelor empowerment boostArticle

The shareholders of ArcelorMittal SA, the country's biggest steel maker, voted 99.9% in favour of the company's R2.2bn broad-based black economic empowerment transaction on Friday, 18 November...

Mark Allix 22 Nov 2016

ArcelorMittal grim on steel sector's future
ArcelorMittal grim on steel sector's futureArticle

ArcelorMittal SA CEO Wim De Klerk says if the country's biggest steel maker does not get safeguard protection...

Mark Allix 16 Nov 2016

Rhodes Food to buy Ma Baker
Rhodes Food to buy Ma BakerArticle

Rhodes Food Group is acquiring Pietermaritzburg-based pie maker Ma Baker for R212m, it announced on Monday morning...

Robert Laing 31 Oct 2016

Botswana's benchmarking competition law
Botswana's benchmarking competition lawArticle

Most competition authorities in developing countries have not investigated cartels or done dawn raids like they have in Botswana...

20 Oct 2016

Kenyan High Court rules on legality of dawn raids
Kenyan High Court rules on legality of dawn raidsArticle

The High Court of Kenya handed down judgment on the first competition case in Kenya, in the matter between Mea Limited and the Competition Authority of Kenya (CAK), in August this year...

Joyce Karanja-Ng'ang'a and Xolani Nyali 29 Sep 2016

MOU signing - first step to regional competition authority for SADC?
MOU signing - first step to regional competition authority for SADC?Article

The competition authorities of Botswana, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Swaziland, Tanzania and Zambia have signed a memorandum of understanding (MOU), an important step in the direction of more effective cross border enforcement of competition laws in SADC...

Pieter Steyn 5 Jul 2016

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Clicks to manage Netcare's Medicross pharmaciesArticle

Retailer Clicks will takeover managing private hospital group Netcare's 37 Medicross branded retail pharmacies and its 51 hospital "front shops", the two JSE-listed groups said in a joint-statement on Wednesday...

8 Jun 2016

Swisscom fined USD72m for abusing dominant position in sports broadcasting
Swisscom fined USD72m for abusing dominant position in sports broadcastingArticle

Switzerland's main telecom group Swisscom has been fined 71.8 million Swiss francs ($72.5 million, 64.70 million euros) for abusing its dominant position in sports broadcasting, the Swiss competition authorities said on Tuesday.

26 May 2016

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MillerCoors shows first-quarter growth in total salesArticle

SABMiller's US joint-venture MillerCoors total sales grew 2.3% to $1.82bn in the March quarter compared to the same period last year...

5 May 2016

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AB InBev takes a knock from falling sales in BrazilArticle

Anheuser-Busch InBev, the world's biggest brewer that is in the process of acquiring SABMiller, missed earnings estimates for the first quarter, hit by currency fluctuations and lower sales volumes in Brazil, its biggest market.

5 May 2016

SABMiller and Coke commit to helping entrepreneurs
SABMiller and Coke commit to helping entrepreneursArticle

To gain competition authority approval for the proposed merger of the soft-drink businesses of SABMiller, The Coca-Cola Company and Gutsche Family Investments, the parties have committed themselves to invest R800m in developing entrepreneurs...

4 May 2016

A Cashbuild outlet in Rustenburg, North West.
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Cashbuild revenue surges 15% as expansion pays offArticle

Building material retailer Cashbuild jumped 8.3% on Tuesday after saying its December quarter revenue had grown 15% from the matching period in 2014. Its revenue over six months was 14% higher than in the previous year...

Mark Allix 13 Jan 2016

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Yara expands investment in AfricaArticle

Global agriculture company Yara International ASA today announced the purchase of Greenbelt Fertilizers, a leading distributor of fertilizers in Zambia, Malawi, and Mozambique, for USD $51 million...

7 Dec 2015

Sale of leading brands likely as beer giants make deal easier to swallow
Sale of leading brands likely as beer giants make deal easier to swallowArticle

SABMiller would probably need to sell top European brands Peroni and Grolsch to gain competition authority approval for its proposed merger with Anheuser-Busch InBev (AB InBev), the parties said yesterday...

4 Dec 2015

Booking.com to loosen grip on hotel prices in France, Italy, Sweden
Booking.com to loosen grip on hotel prices in France, Italy, SwedenArticle

PARIS, FRANCE: Hotel reservation site Booking.com will allow hoteliers in France, Italy and Sweden to charge cheaper prices elsewhere after legal challenges, the French competition authority said Tuesday...

22 Apr 2015

Competition Commission approves Steinhoff takeover of Pepkor‚ without conditions
Competition Commission approves Steinhoff takeover of Pepkor‚ without conditionsArticle

The Competition Commission on Wednesday, 4 March 2015, said it had recommended that the Competition Tribunal approve Steinhoff's R62.8bn takeover of clothing retailer Pepkor‚ without conditions...

Nick Hedley 5 Mar 2015

Second competition authority can hamper business in Africa
Second competition authority can hamper business in AfricaArticle

There has been a strong move to establish national competition authorities across Africa and now, regional competition authorities...

Sandhya Naidoo 26 Feb 2015

Old Mutual, Pareto deal ensures full ownership of landmark malls
Old Mutual, Pareto deal ensures full ownership of landmark mallsArticle

Old Mutual Life Assurance and Business Venture Investments, represented by Pareto Limited, have entered into an asset swap transaction involving major shopping centres, Menlyn Park and Cavendish Square...

15 Jan 2015

Neotel and Vodacom announce next steps in proposed transactionArticle

The shareholders of Neotel and Vodacom SA have announced that they have favourably concluded an agreement on the commercial structure and terms to proceed for Vodacom to acquire 100% of the shares of Neotel valued at an enterprise value of R 7.0 billion.

19 May 2014

Safaricom warns shareholders over yuMobile buyout
Safaricom warns shareholders over yuMobile buyoutArticle

Kenyan mobile operator, Safaricom, has warned its shareholders to be cautious of reports over its planned buyout of rival yuMobile as they could have an effect on the company's price.

Susan Mwenesi 7 Mar 2014

MMI's headline earnings up 13% to 105.4c a share
MMI's headline earnings up 13% to 105.4c a shareArticle

Insurer MMI Holdings (MMI) grew diluted core headline earnings per share (HEPS) 13% to 105.4c for the six months to December‚ up from 93.6c in the previous period.

Gillian Jones 6 Mar 2014

City Lodge takes full ownership of two Kenyan hotels
City Lodge takes full ownership of two Kenyan hotelsArticle

Listed hotels group City Lodge Hotels has reached agreement with Nairobi-based Fairview Hotel to acquire the other 50% of a joint venture between the two companies‚ giving it full ownership of the Fairview Hotel and the Country Lodge in Kenya's capital city.

4 Feb 2014

Commission will not prosecute supermarkets
Commission will not prosecute supermarketsArticle

Pick 'n Pay, Shoprite/Checkers, and Spar supermarkets will not be prosecuted by the Competition Commission for contraventions of Sections 5 and 8 of the Competition Act. This follows after an announcement by the Commission that it has concluded its investigation into long-term supermarket lease agreements under the Competition Act and has issued a notice of non-referral.

29 Jan 2014

Commission not to prosecute major retailers
Commission not to prosecute major retailersArticle

Following its long term investigation into long-term supermarket lease agreements, the Competition Commission has announced it has concluded its investigation and has issued a notice of non-referral.

27 Jan 2014

Competition authorities beware of price regulationArticle

Price regulation may not be appropriate in South Africa's private healthcare sector, says competition law specialist, Anthony Norton of Nortons Inc. He stressed that competition authorities should as a general rule be wary of seeking to be involved in the regulation of market prices.

1 Nov 2013

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