Mmamabula project acquisition gets nod

Competition Authority CEO Thula Kaira
Competition Authority CEO Thula Kaira

The Competition Authority (CA) has approved the acquisition of Jindal BVI Ltd, the company that owns 2.7 billion tonnes of coal resources in the Mmamabula area.

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.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

Have a Story? Send Us a tip
arrow up