This means that implementation of the merger in Namibia remains unaffected and that the conditions imposed on the merged firm by the Namibian Competition Commission must be reviewed by the minister of trade and industry.
Furthermore, any conditions imposed by the minister remain open to challenge by the parties as required.
The Namibian Competition Commission, like the South African government, wants stricter and binding conditions imposed on the merger as opposed to the voluntary commitments that the companies have set themselves.
The transaction in which US giant acquired 51% of Massmart was approved with conditions by the South African Competition Tribunal in June.
Last month, the South African completion appeal court heard a review brought by the three government ministers - Rob Davies, Ebrahim Patel and Tina Joemat-Pettersson as well as an appeal by SACCAWU.
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
