SA firm takes over CA Sales

The conditions are that the new entity will not use the exclusive contracts CA Sales has with manufacturers of certain goods and commodities to abuse its massive market power in Botswana.  PSG consists of 35 underlying companies with a combined market capitalisation of R71 billion that operate across industries that include financial services, banking, agriculture, education, construction, manufacturing, mining and energy saving.

In a statement released yesterday, the Authority says the two entities approached it seeking approval of a proposed takeover in which PSG sought to acquire the entire issued shares in CA Sales, one of Botswana's largest sales, merchandising, warehousing and distributors of fast moving goods and commodities.