Description of Activities

Description: The Commission resolved to approve without conditions the acquisition of 66% of the issued share capital in Erf 106 Gobabis (Pty) Ltd by the remainder of the directors of Erf 106 Gobabis (Pty) Ltd by the execution of a share buy-back agreement.

Acquiring group: The primary acquiring undertaking, Erf 109 Gobabis (Pty) Ltd, incorporated in terms of the laws of Namibia, is involved in the business of the sale and supply of FMCG (fast-moving consumer goods), including but not limited to groceries and general merchandise. The acquiring group also operates a milling plant, trading and processing maize in Namibia.

Target undertaking: The primary target assets are 66% of the issued share capital in Erf 106 Gobabis (Pty) Ltd, by the remainder of the directors of Erf 106 Gobabis (Pty) Ltd, by the execution of a share buy-back agreement.

Relevant market: Defined the relevant market to be the market for the retail of fast-moving consumer goods in the Omaheke Region, Namibia.

Merger Determination

The Commission found the proposed transaction unlikely to result in the prevention or substantial lessening of competition or result in any undertaking to acquire or strengthen a dominant position in the market and did not raise any public interest concerns.

Merger Determination No.6 of 2025_