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.
Small and Medium Enterprises (SMEs) are key drivers of inclusive growth in the South African economy, contributing about 55% to the gross domestic product, while their contribution towards employment is as high as 60%. In addition, small firms and new entrants enhance competition within different economic sectors, resulting in lower prices and greater variety for consumers, as well as dynamic and productive efficiencies.
The Competition Authority of Kenya has ordered all mobile money service providers, including Safaricom, to disclose all mobile money service fees payable by consumers for USSD (unstructured supplementary service data) based transactions.
Maria Nkhonjera and Tatenda Zengeni
Since opening its doors in January 2013 the COMESA Competition Commission (CCC) has seen growth in the number of its merger cases. This growth followed a number of challenges initially faced with the interpretation of certain provisions of the Act, jurisdiction and high filing fees.
The recent merger in South Africa between Puma Energy and Brent Oil, recently approved by the competition authorities, may change the competitive landscape in regional and South African markets for fuel retail, leveraging Puma’s long-established presence throughout the rest of the region. This article considers the implications of the merger.