Share on LinkedInShare on LinkedIn

ARTICLE · 02 JULY 2012

Wal-Mart / Massmart Merger

Webber Wentzel
Webber Wentzel
Contributor
Webber Wentzel

Webber Wentzel

Founded in 1868, Webber Wentzel is a leading full-service law firm that provides clients with...

View firm profile
Explore more from Webber Wentzel

On 6 June 2012, government and the South African Commercial, Catering and Allied Workers Union (SACCAWU) submitted their economic report on the fund that is to be formed in terms of a condition imposed by the Competition Appeal Court (CAC) in the proposed acquisition of Massmart Limited (Massmart) by Wal-Mart (Wal-Mart).

South AfricaAntitrust/Competition Law
Shawn Van Der Meulen
Shawn Van Der Meulen

Economists recommend ZAR2 billion fund for Wal-Mart / Massmart merger

On 6 June 2012, government and the South African Commercial, Catering and Allied Workers Union (SACCAWU) submitted their economic report on the fund that is to be formed in terms of a condition imposed by the Competition Appeal Court (CAC) in the proposed acquisition of Massmart Limited (Massmart) by Wal-Mart (Wal-Mart).

The report calls for a fund in the region of ZAR500 million to ZAR2 billion. Professor Stiglitz was appointed by government to prepare the report jointly with James Hodge of Genesis Analytics, who was appointed by SACCAWU. The report calls for an increase in the value of the fund from its originally stipulated ZAR100 million. It recommends that a larger fund would serve as an incentive for Massmart to initiate a programme that would more adequately empower local suppliers.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Competition Commission Proposes Revised Notification Thresholds For Small Mergers

The Competition Commission has released draft amendments to the Small Merger Guidelines, proposing significantly higher thresholds for small merger notifications. These changes aim to capture potentially anti-competitive acquisitions in digital and technology markets where target firms are acquired before generating substantial turnover or assets, but possess significant future growth potential.
South AfricaAntitrust/Competition Law
Cliffe Dekker Hofmeyr
Cliffe Dekker Hofmeyr
Article

Why South Africa’s Draft Repair And Maintenance Guidelines Matter To Consumers

The Competition Commission of South Africa has published Draft Guidelines on Repair, Service, and Maintenance Aftermarkets that extend beyond automotive to cover electronics, appliances, medical equipment and other durable goods. The framework addresses how original equipment manufacturers may restrict competition by limiting independent service providers' access to spare parts, repair information, diagnostic tools and technical support. Market participants have until September 2026 to submit comments on th
South AfricaAntitrust/Competition Law
Adams & Adams
Adams & Adams
Video

Webinar Recording | When They Knock: Preparing For Dawn Raids Under The Competition Act (Video)

The Competition Commission's recent dawn raids in the scrap-metal sector signal a shift from policy to enforcement action. This practical webinar explores how businesses can identify collusion risks, prepare for dawn raids, and manage competitor contact under South African Competition Act provisions. The session addresses business readiness in an era where digital evidence, including AI-related records, plays an increasingly central role in competition investigations.
South AfricaAntitrust/Competition Law
Cliffe Dekker Hofmeyr
Cliffe Dekker Hofmeyr
Article

CAC Clarifies Competition Commission's Investigative Duties And The Threshold For Non-referral

The Competition Appeal Court recently examined the extent to which South Africa's Competition Commission must investigate complaints before declining to pursue them, and whether complainants can challenge such decisions. In Nevilles Tours and Logistics v The Competition Commission, the court addressed a bus operator's allegations of predatory and excessive pricing by dominant competitors, finding the Commission's initial investigation inadequate and setting new standards for meaningful inquiry.
South AfricaAntitrust/Competition Law
Cliffe Dekker Hofmeyr
Cliffe Dekker Hofmeyr