Retail sector leads in acquisitions

Magdeline Gabaraane
Magdeline Gabaraane

The wholesale and retail sector has dominated mergers and acquisitions in the past year, the latest Competition Authority (CA) annual report shows.

During the 2016-2017 financial year, a total of 52 mergers were handled and out of this figure, the wholesale and retail sector recorded the highest number at 13 cases compared to 12 in the previous year.

The other sector that had a significant record on merger notifications is the transportation and logistics sector, which recorded seven cases as compared to zero in 2016.

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...

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