Deal Leaders International CEO Andrew Bahlmann expresses concern over the Competition Commission's recent blocking of major corporate deals in South Africa, citing it as a negative signal to international investors. Bahlmann argues that large corporations rely on consolidation and acquisitions for growth and that the complex regulatory process surrounding these deals creates an added hurdle for international investment.
Deal Leaders International CEO Andrew Bahlmann has warned that the Competition Commission is sending a negative message to international investors regarding large corporate deals in South Africa.to a question on Business Day TV about South Africa’s competition watchdog blocking major deals like the Vodacom-Maziv acquisition.Vodacom had offered a combination of assets and cash of at least R13.2 billion for a 30% shareholding.
“We’ve got to realize that if you’ve got large businesses the only way for them typically to grow is to consolidate or acquire other businesses,” Bahlmann explained.Bahlman said every deal they’re working on that goes through the Competition Commission has become quite complex and that they must tread carefully.
Despite the extensive process, the Commission recommended to the Tribunal in August 2023 that the deal not be approved.“We are still awaiting the Competition Tribunal’s detailed reasons for prohibiting the transaction,” Vodacom and CIVH stated. Vumatel commercially launched its Vuma Key service in Alexandra and Kayamandi in mid-September, offering uncapped fibre services from R99 per month.
INVESTORS COMPETITION MERGERS ACQUISITIONS SOUTH AFRICA
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Competition Commission Releases Report on Fresh Produce Market Anti-CompetitivenessThe Competition Commission of South Africa has released a final report investigating anti-competitive practices in the fresh produce market. The report highlights the need for market reform to address inflated prices and barriers for small farmers.
Read more »
Fibre crackdown coming for South African complexesThe Competition Commission is investigating several complaints about fibre monopolies at complexes in South Africa.
Read more »
Will the Rand Remain Weak Against the Dollar in 2025?Andrew Bahlmann, an advisor at Deal Leaders International, predicts that the South African rand will remain weak against the US dollar in 2025 due to ongoing government interference. While acknowledging the potential downsides, Bahlmann also highlights the opportunities presented by the rand's low valuation for both foreign and domestic investors.
Read more »
South Africa's Fresh Produce Market Under Scrutiny for OligopolyThe Competition Commission's inquiry reveals that a few major market agents dominate South Africa's fresh produce market, raising concerns about competition and price fairness.
Read more »
Fresh Produce Market Inquiry Highlights Barriers to Competition and Calls for TransformationThe Competition Commission's Fresh Produce Market Inquiry identifies significant barriers to competition in the South African fresh produce sector, including inefficiencies in markets, high input costs, and limited access for small-scale farmers. The report calls for policy reform, market restructuring, and targeted support to promote competition and inclusivity.
Read more »
Wiaan Mulder Fit for Pakistan Test, Embraces CompetitionWiaan Mulder, South Africa's all-rounder, is back in shape for the second Test against Pakistan after recovering from a hand injury. Mulder acknowledges the intense competition for all-rounder spots within the team, stating that he welcomes the healthy rivalry and believes it will push everyone to excel.
Read more »