Competition Tribunal defers NAP's appeal

Friday, April 23, 2021

Coming up: Delta Palms Hills will be located in central Maun. The CCA says the mallu00e2u20acu2122s cross-ownership is another reason to reject NAPu00e2u20acu2122s application PIC: DELTAPALMS.COM

The Competition and Consumer Tribunal has deferred until the end of April, the clash between the Competition Authority (CCA) and New African Properties (NAP) over the latter’s P20 million deal in Maun.

BusinessWeek has learnt that the appeal hearing scheduled for this week was deferred to give the CCA an opportunity to test the accuracy of new evidence submitted by NAP.

The Botswana Stock Exchange-listed property group was appealing a recent CCA’s decision, which stopped the purchase of a retail centre in Maun. The competition watchdog blocked NAP from finalising the P20 million deal saying the transaction raised ‘competition issues’ as NAP already has a robust retail presence in Maun.

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