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Tough conditions set for Ram�s acquisitions

Ottapathu
Ottapathu

The Competition Authority (CA) has barred local retail giant, Choppies Enterprises from entering the branded consumer electronics goods market for five years while CEO, Ramachandran Ottapathu has been ordered to divest from five of his private companies.

The restrictions were announced by the CA this week as it set out conditions to prevent any possible competition concerns that may arise from Ottapathu’s proposed acquisition of Warbler Holdings.

Ottapathu, through his company called Bluehearts (Pty) Ltd, seeks to acquire the entire issued shareholding of Warbler Holdings, a holding company for four firms, IT4 Africa (Pty) Ltd, Goldtech Enterprises (Pty) Ltd, Healthwest Africa (Pty) Ltd and Solid Logistics (Pty) Ltd.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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