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DA call to scrap Competition Act s public interest clauses

The DA wants the public interest provisions in South Africa's competition law repealed, saying it is being used by the government to politicise mergers and acquisitions.

Investment and Transformation in South Africa: a balance between two imperatives

Investment and Transformation in South Africa: a balance between two imperatives
polity.org.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from polity.org.za Daily Mail and Mail on Sunday newspapers.

Mid-Year State of the Industry: Labor and inflation top list of retail challenges

Mid-Year State of the Industry: Labor and inflation top list of retail challenges
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Is it really in public interest to tell black owners they can t sell to non-blacks?

9:05 am Ina Opperman It is the first time in 20 years that a merger may be prohibited on the grounds of public interest only. Picture: iStock The move by the Competition Commission to formally block the sale of Burger King and Grand Foods meat plant to Pan-African private equity firm Emerging Capital Partners (ECP) because “the proposed merger cannot be justified on substantial public interest grounds”, is bad news for investment. The commission recommended the Competition Tribunal prohibits the sale because the merger would significantly reduce the shareholding of historically disadvantaged persons (HDP) from more than 68% to 0%. Ground-breaking recommendation This “ground-breaking recommendation”, to prohibit the proposed sale by Grand Parade Investments of its investment in Burger King SA to a US private equity firm, will have s

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