QUARTERLY COMPETITION CASE UPDATE – MAY 2018
Julius Nyamwena and Pamela Mondliwa [1] Industrial Development Think Tank[2] On 1st July 2020, the Protection of Personal Information Act (“POPIA”) came into effect after being introduced in 2014. POPIA positions South Africa in the mainstream of relatively well-developed data protection laws, regulating the collection, processing, and sharing of personal information. These controls over the […]
DEVELOPMENTS IN MOBILE MONEY IN EAST AFRICA
ANTHEA PAELO The provision of mobile money services has been a dynamic and fast-growing sector in Africa. Beyond money transfer, the industry in different countries has evolved to provide additional services such as bill and merchant payments as well as financial services such as credit, insurance and savings. In East Africa, Tanzania, Uganda and Kenya […]
CONGLOMERATE AND VERTICAL EFFECTS OF ACQUISITION-LED GROWTH: THE CASE OF RETAIL GIANT, STEINHOFF
MARIA NKHONJERA The recent collapse of Steinhoff International Holdings (“Steinhoff”), a global retail giant, raises concerns around the interest and strategies of large corporates. Steinhoff has sparked controversy over “accounting irregularities”, which cost the retail giant R282 billion in stock market value. The company has at least 200 subsidiaries and affiliates – a tremendously complex structure […]
MERGER CONTROL PROVISIONS: THE CASE OF CREEPING ACQUISITIONS
TEBOHO BOSIU Part of the focus of the proposed amendments to the Competition Act is on preventing creeping concentration. Creeping concentration results from a series of mergers and acquisitions that individually do not raise market power substantially, but do so collectively. Firms can increase market share through mergers and acquisitions, and consequently increase market power and […]
DIGITAL BANKS: GAME-CHANGERS IN SOUTH AFRICA’S BANKING INDUSTRY?
SHINGIE CHISORO-DUBE In 2017, the South African Reserve Bank issued three new banking licences to Discovery, Bank Zero and TymeDigital. These are the first licences issued to new banks in more than a decade since the issuing of a bank licence to Finbond Mutual bank in 2001. In the State of the Nation address in 2018, […]