Competition Authority decision riles Sefalana

Chauhan
Chauhan

Retail chain, Sefalana Group, has expressed discontent at the Competition Authority’s (CA) decision to approve the acquisition of Warbler Holdings by Choppies chief executive officer, Ramachandran Ottapathu.

As a direct competitor of Choppies, Sefalana fears that the approval of the acquisitions might disadvantage them in an uncompetitive manner.

Sefalana Group managing director, Chandra Chauhan told Mmegi Business that they are not happy with the decision made by the authority, but declined to discuss the matter further.

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While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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