Competition Tribunal defers NAP's appeal

BusinessWeek has learnt that the appeal hearing scheduled for this week was deferred to give the CCA an opportunity to test the accuracy of new evidence submitted by NAP.

The Botswana Stock Exchange-listed property group was appealing a recent CCA’s decision, which stopped the purchase of a retail centre in Maun. The competition watchdog blocked NAP from finalising the P20 million deal saying the transaction raised ‘competition issues’ as NAP already has a robust retail presence in Maun.