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COMPETITION TRIBUNAL OF SOUTH AFRICA

 

Case No: LM004Apr23

 

 

In the matter between:

 

Twin City Trading 2 (Pty) Ltd                                          Primary Acquiring Firm

 

And

 

The Commercial Letting Enterprise Conducted by Castle Gate (Pty) Ltd

 

and

 

The Commercial Letting Enterprise Conducted

by the Club Retail Park (Pty) Ltd                                    Primary Target Firms

 

 

Panel:                         J Wilson (Presiding Member)

A Wessels (Tribunal Member)

T Vilakazi (Tribunal Member)

 

Heard on:                    26 June 2023

Decided on:                26 June 2023

 

 

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).

 

 

Signed by:Jerome Wilson

Signed at:2023-06-26 16:20:55 +02:00

Reason:Witnessing Jerome Wilson

 

 

Presiding Member Jerome Wilson SC

Concurring: Mr Andreas Wessels and Dr Thando Vilakazi

 

Date: 26 June 2023

 

 

Merger Clearance Certificate

 

 

You applied to the Competition Commission for merger approval in accordance with Chapter 3 of the Competition Act.

 

Your merger was referred to the Competition Tribunal in terms of section 14A of the Act, or was the subject of a Request for Consideration by the Tribunal in terms of section 16(1) of the Act.

 

After reviewing all relevant information, and the recommendation or decision of the Competition Commission, the Competition Tribunal approves the merger in terms of section 16(2) of the Act, for the reasons set out in the Reasons for Decision.

 

This approval is subject to:

 

no conditions.

 

the conditions listed on the attached sheet.

 

The Competition Tribunal has the authority in terms of section 16(3) of the Competition Act to revoke this approval if

 

a)   it was granted on the basis of incorrect information for which a party to the merger was responsible.

b)   the approval was obtained by deceit.

c)   a firm concerned has breached an obligation attached to this approval.

 

 

The registrar, Competition Tribunal:

 

This form is prescribed by the Minister of Trade and Industry in terms of section 27 (2) of the Competition Act 1998 (Act No. 89 of 1998).

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