During last year Grand Parade Investments (GPI) announced that it would sell Burger King South Africa and Grand Foods Meat Plant, which primarily supplies Burger King with patties, to a fund which is owned by Emerging Capital Partners (ECP).
It would appear that the South African Competition Commission (the Commission) continues with its robust approach to horizontal mergers as it has recently recommended that Pepkor’s sale of the Building Company (BUCO) for 1.1 billion rand to Cashbuild be blocked. The Commission argues that the merger will create a dominant supplier of building material and related products in many townships and
As the world deals with the COVID-19 pandemic, organisations, governments, law enforcement, regulators monitoring and or overseeing fraud controls in organisations, are all preoccupied with efforts to manage the effects of the pandemic as well as the spread of the virus, to temporarily worry about fraud. That creates a perfect storm where it is a great time for the fraudsters
In South Africa’s first contested excessive pricing case in the context of COVID-19, the Competition Tribunal (“the Tribunal”) found Babelegi Workwear and Industrial Supplies CC (“Babelegi”), a Pretoria-based company, guilty of excessive pricing of dust masks between 31 January 2020 to 5 March 2020 (“the complaint period”). The Tribunal, in its Order and Reasons, found that Babelegi contravened section 8(1)(a) of the Competition Act …