South Africa’s packaging group Mpact to unwind Seyfert acquisition deal

SOUTH AFRICA – The Competition Commission of South AFrica has ordered packaging and recycling group Mpact to unwind its 2011 US$1.09 million partial acquisition of Seyfert Corrugated Western Cape as it reduced competition. This comes after Mpact’s decision not to proceed with its initial application for approval to take a 49% holding in Seyfert.  According…

Nigeria sees competition and consumer protection bill signed into law

NIGERIA – Nigeria’s President, Muhammadu Buhari, has assented to the Federal Competition and Consumer Protection Act 2019 that seeks to ensure competitive trade in the country and ensure production of quality products reports Guardian. In a statement released by Senator Ita Enang, the new law repeals the Consumer Protection Council Act and sections 118-128 of…

South Africa’s Shoprite to appeal US$ 1.44m Competition Tribunal fine

SOUTH AFRICA – Shoprite, a leading food retailer in South Africa, has said that it will appeal against the US$ 1.44 million (R20m) fine handed to its ticket-selling subsidiary, Computicket, by the Competition Tribunal, reports Reuters. The Competition Tribunal, Competition Commission had earlier on said that it had referred a case against ticket distributors Computicket…