Mmamabula project acquisition gets nod

Through a special purpose vehicle (spv) specifically created for the transaction, Jindal will offload 74 percent in what is potentially Botswana’s largest coal energy and mine project to South Africa’s Glendal Trading.

In a statement released this week, the CA said they had determined to unconditionally authorise the proposed transaction on the grounds that analysis has shown that there were no substantive competition concerns that might arise in the market for the production of energy and coal on account of the proposed acquisition in Botswana.