Transporter dejected by Competition Authority�s embargo

Contract between 4MS and KBL was said to be coming to an end soon PIC: MORERI SEJAKGOMO
Contract between 4MS and KBL was said to be coming to an end soon PIC: MORERI SEJAKGOMO

Local transport company, 4MS Group Holdings yesterday expressed its disappointment at the Competition Authority (CA)’s decision to block its deal with Transport Holdings. The CA on Friday announced it had blocked a bid by South African company, Transport Holdings to buy 4MS citing competition and public interest concerns.

4MS finance director, Michael Stoneham yesterday told Mmegi Business that the decision by CA to block the deal poses major challenges for the cash-strapped company.

“Like we said before, we are in financial doldrums and we are looking to sell our assets since our business is no longer sustainable,” he said.

Editor's Comment
CoA brings sanity to DIS/DCEC long-standing feud

This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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