by VDT Attorneys | May 6, 2025 | AI, Competition Commission, M&A, Mergers & Acquisitions
Under the Competition Act 89 of 1998, the Competition Commission and the Takeover Regulation Panel are mandated to evaluate mergers based on competition concerns and public interest factors. However, even with the 2019 amendments to the Competition Act, there is...
by Tenile Timmins | Mar 31, 2025 | Artificial Intelligence, Mergers & Acquisitions
Target identification First and foremost, a merger will not take place if a potential target company is not identified. It is crucial to find a suitable target company or merger partner. Traditional methods of deal sourcing often rely on industry contacts and...
by Tenile Timmins | Mar 3, 2025 | Competition Commission, M&A, Mergers & Acquisitions
Before the enactment of the Amendment Act, section 118 of the Act defined a ‘regulated company’ as a profit company which is a party to an ‘affected transaction’ or an offer involving the securities of such company and which includes – (a) a public company; (b) a...
by Tenile Timmins | Feb 27, 2025 | Competition Commission, Constitutional Court, Mergers & Acquisitions, Retrenchments
The dispute originated from a larger merger in 2016, which combined several South African companies into the single entity Coca-Cola Beverages South Africa (Pty) Ltd (Coca-Cola). The merger was approved by the Competition Commission under the Competition Act 89 of...
by VDT Attorneys | Feb 5, 2025 | Competition Commission, Competition Tribunal, Mergers & Acquisitions, Public Interest
Maziv and Vodacom had significant pre-merger plans to expand coverage, particularly in underserved low-income areas. The proposed merger would have seen Vodacom acquire 30% interest in Mazviv. However, on 08 August 2023, the Competition Commission recommended to the...
by VDT Attorneys | Oct 3, 2024 | Mergers & Acquisitions
Share buyback transactionsOne notable amendment relates to Section 48, which governs share buyback transactions. Before the amendment, a special resolution by the shareholders was required to authorise a share buyback transaction. Thanks to the new amendments, no...
