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African Rainbow Minerals Limited v Nkomati Joint Venture (LM044Jun24) [2024] ZACT 19 (8 August 2024)

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COMPETITION TRIBUNAL

REPUBLIC OF SOUTH AFRICA

 

Case No.: LM044Jun24

 

In the matter between:


 


African Rainbow Minerals Limited

Primary Acquiring Firm

 


And


 


Nkomati Joint Venture

Primary Target Firm

 

Panel:

M Mazwai (Presiding Member)


G Budlender (Tribunal Member)


I Valodia (Tribunal Member)

Heard on:

08 August 2024                                   

Decided on:

08 August 2024                                

 

ORDER

 

Further to the recommendation of the Competition Commission in terms of section 14A(1)(b) of the Competition Act, 1998 ("the Act") the Competition Tribunal orders that-

 

1.               the merger between the abovementioned parties be approved in terms of section 16(2)(a) of the Act; and

 

2.               a Merger Clearance Certificate be issued in terms of Competition Tribunal Rule 35(5)(a).

 

Presiding Member

Ms Mondo Mazwai

08 August 2024

Date

 

Concurring: Adv Geoff Budlender SC and Prof lmraan Valodia