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CCA approves Khoemacau’s sale

Deal sealed: The Khoemacau deal has cleared a significant regulatory requirement
Deal sealed: The Khoemacau deal has cleared a significant regulatory requirement

The Competition and Consumer Authority (CCA) has given Chinese state majority owned investor MMG the go-ahead to proceed with the $1.88 billion (P26 billion) purchase of Khoemacau Copper.

Highly placed sources told BusinessWeek that the deal, the largest in the country’s private sector, is on track to be finalised in the first half of the year, as originally anticipated by the parties involved.

On Wednesday, the CCA confirmed the latest developments, noting that its assessments showed that the sale would not have any negative effect on public interest matters as per the provisions of the Competition Act.


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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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