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South Africa decisions
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GroCapital Holdings (Pty) Ltd v South African Bank of Athens Ltd (LM065May18) [2018] ZACT 77 (21 September 2018)
The Competition Tribunal conditionally approved GroCapital’s acquisition of South African Bank of Athens, finding competition and public interest concerns were addressed by conditions.
IEP Portfolio 1 (Pty) Ltd v Assupol Holdings Limited (LM042May18) [2018] ZACT 76 (22 August 2018)
The Competition Tribunal conditionally approved IEP Portfolio 1’s acquisition of additional Assupol shares, imposing remedies to prevent sensitive information exchange and cross-directorships.
African Rainbow Capital (Pty) Ltd v Ooba (Pty) Ltd (LM257MAR16) [2016] ZACT 84; [2016] 2 CPLR 794 (CT) (7 September 2016)
The Competition Tribunal conditionally approved ARC’s acquisition of a 30% stake in ooba, imposing behavioural conditions to address coordination and information-sharing risks.
RTT Group (Pty) Ltd v Courierit SA (Pty) Ltd and Another (LM105Aug15) [2015] ZACT 120; [2015] 2 CPLR 668 (CT) (15 October 2015)
The Tribunal conditionally approved RTT’s acquisition of Courierit and Warehouseit, imposing conditions on cross-directorships, information sharing, retrenchments and subcontractors.
Friedshelf 1508 (Pty) Ltd v RTT Holdings (Pty) Ltd (018739) [2014] ZACT 16 (24 July 2014)
The Competition Tribunal approved Friedshelf 1508’s acquisition of RTT Holdings, subject to conditions aimed at preventing sensitive information sharing and cross-directorship risks.
Momentum Group Limited and Others v African Life Health (Pty) Ltd and Others (58/CAC/DEC05) [2006] ZACAC 1; [2006] 1 CPLR 17 (CAC) (14 February 2006)
The Competition Appeal Court found that the Tribunal imposed conditions on the merger approval without a proper evidential basis and without affording affected parties a fair opportunity to be heard. The evidence before the Tribunal did not support the conclusion that cross-directorships would create or aggravate anti-competitive effects, nor that the merger would substantially prevent or lessen competition in the relevant market. The market was characterized by vigorous competition, low barriers to entry, and significant countervailing power. The Tribunal's concerns about co-ordination and i…
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Momentum Group Limited and African Life Health (Pty) Ltd (87/LM/Sep05) [2006] ZACT 1; [2006] 1 CPLR 171 (CT) (3 January 2006)
The Competition Tribunal approved Momentum's acquisition of African Life Health subject to conditions aimed at preventing collusion through cross-directorships.
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