Description of Activities

Description: The Commission resolved to approve without conditions the acquisition by Namibia Mineworkers Properties (Pty) Ltd of Erf No. 2537, Otjiwarongo, from the liquidator of Boskop Investments CC.

Acquiring group: The primary acquiring undertaking is Namibia Mineworkers Properties (Pty) Ltd, incorporated in terms of the laws of Namibia. The primary acquiring undertaking is a real estate investment, development, and property management company. On the balance, the acquiring group is a diversified Namibian conglomerate with interests in various industries, including finance, properties, agriculture, mining, transportation, and tourism.

Target undertaking: The primary target asset is Erf No. 2537, Otjiwarongo, zoned “business” and situated at the corner of Dr. Libertina Amathila Avenue and Tuin Road, Otjiwarongo, Namibia. The target property generates its turnover from a number of rental agreements with third parties.

Relevant market: Defined the relevant product market as the ownership of immovable property zoned as “business” in the municipal area of Otjiwarongo, 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. 

Furthermore, as per section 50 of the Act, these approvals do not relieve parties from complying with any other mandatory statutory approvals that any of the parties to the merger must comply with under Namibian laws. 

Merger Determination No.2 of 2026__