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.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

Have a Story? Send Us a tip
arrow up