Jump the gun, bite the bullet: Consequences of failure to notify a merger in Africa
Article by Paul Coetser, Director & Head of Competition, and Sandiso Dhlomo, Candidate Attorney of Werksmans Attorneys, South Africa It is no longer a surprise that many, if not most, African countries now have competition laws. In addition, Africa has five regional economic areas with competition rules. In many of these countries and regional areas, […]
M&A activity on the rise in Africa in 2022
According to the recent Dealmakers Africa report, during the first quarter of 2022 the total value of deals in Africa – excluding South Africa – was $9,7 billion – an almost three-fold increase over that of Q1 2021 – off 196 transactions. North and West Africa were the two regions with the greatest deal activity, […]
Burger King merger approved – What role will black ownership play in future mergers?
Article by: Pieter Steyn – Chairperson of LEX Africa, Director Werksmans Attorneys, South Africa The Competition Commission’s prohibition in June 2020 of the sale of Burger King (South Africa) (RF) (Pty) Ltd (“BKSA“) to private equity firm, ECP Africa, caused much interest and concern. It was the first time since the Competition Act came into […]
Recent High Court Case clarifies Fronting practices
Given the serious consequences of fronting practices, it is vital that businesses carefully review their existing and future B‑BBEE initiatives including B‑BBEE ownership structures to ensure compliance with the B-BBEE Act. In the recent High Court case involving the Passenger Rail Agency of South Africa (PRASA) and Swifambo Rail Agency Proprietary Limited, Judge Francis set […]
