Mmegi

CCA approves Khoemacau’s sale

Deal sealed: The Khoemacau deal has cleared a significant regulatory requirement
Deal sealed: The Khoemacau deal has cleared a significant regulatory requirement

The Competition and Consumer Authority (CCA) has given Chinese state majority owned investor MMG the go-ahead to proceed with the $1.88 billion (P26 billion) purchase of Khoemacau Copper.

Highly placed sources told BusinessWeek that the deal, the largest in the country’s private sector, is on track to be finalised in the first half of the year, as originally anticipated by the parties involved.

On Wednesday, the CCA confirmed the latest developments, noting that its assessments showed that the sale would not have any negative effect on public interest matters as per the provisions of the Competition Act.


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...

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