Description of Activities

Description: The Commission resolved to approve without conditions the acquisition of immovable property, to wit: Erf 6419, Walvis Bay, Namibia, from A Van Der Walt Transport (Namibia) (Proprietary) Limited, by 3C Metal Belmet (Proprietary) Limited. 

Acquiring group: The primary acquiring undertaking is 3C Metal Belmet, incorporated in terms of the laws of Namibia. The acquiring group is in the business of diversified steel fabrication in the marine, oil and gas, diamond mining, mineral processing, and engineering industries for local and international markets and investment.

Target Undertaking: The primary target asset is immovable property, to wit: Erf 6419, Walvis Bay, Namibia, is zoned “light industrial." The target asset is presently vacant.

Relevant market: Defined relevant product market for immovable property zoned “industrial” within the town of Walvis Bay, 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__