CA approves mergers worth P790m

The mergers have led to transfer of skills in production of wheat products, diamond mining and canvas and tent manufacturing. Addressing Parliament recently, the Assistant Minister of Trade and Industry, Sadique Kebonang said this has also resulted in an increase in citizen empowerment as two citizen-owned companies acquired internationally-owned companies.

“During the year, the Authority also began to conduct post-merger impact assessments on selected mergers which were approved more than three years ago to document the benefits that the mergers have had in the economy and effect necessary interventions where conditions or undertakings given have not been complied with,” Kebonang said.