Competition Commission
Why the South African Government is Going After Facebook & Meta
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SA Competition Commission Approves Afrihost, Cool Ideas Merger
Image sourced from DT Architecture. South Africa’s Competition Commission, the country’s business practice watchdog, has unconditionally approved the merger of ISPs: Afrihost, and Cool Ideas. In June, Afrihost and Cool Ideas said they had concluded a deal in which Afrihost would purchase a majority stake in Cool Ideas. However, the new deal does not see Afrihost absorb Cool Ideas, instead, the companies plan to hold separate brands going into the merger. Cool Ideas is also reported to keep the same management and employees for the immediate future. “The Commission found that the proposed transaction is unlikely to result in a substantial prevention or lessening of competition in any relevant markets. The Commission further found that the proposed transaction does not raise any public inter...
Gijima’s T-system SA Take Over is Approved by Competition Commission
Gijima has announced that the T-system South Africa (TSSA) acquisition has been approved by the Competition Commission. This deal is expected to position Gijima as the largest Black-owned ICT company in Southern Africa, with about 500 new employees joining Gijima in March. TSSA has been operating in South Africa for over 20 years, providing ICT networks, applications and solutions to a number of industries. Although the announcement was made in October, after a long period of negotiations, the acquisition was still subject to approval from the Competition Commission. This game-changing deal will enable Gijima to have access to international IP, TSSA’s global Cybersecurity Security Operations Centre (SOC), certificates, expertise and best practices. Further, the acquisition of T-Systems bus...
Competition Commission Approves Cell C Recapitalisation
Image sourced from Town Press The Competition Commission announced that the proposed acquisition of Cell C assets by Gatsby SPV has been conditionally approved. “The Commission has recommended to the Competition Tribunal to conditionally approve the proposed transaction in which Gatsby SPV intends to acquire certain assets of the mobile network operator, Cell C,” the Commission in an official statement. Weekly Media Statement : @CompComSA gives #CellC deal a conditional approval pic.twitter.com/LjfWtDAlvs — CompComSA (@CompComSA) May 21, 2020 “The Commission found that the proposed transaction is unlikely to result in a substantial prevention or lessening of competition in any relevant markets – further found that the proposed transaction does not raise any other public interest concerns,”...
