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Seth Rotherham
  • Kalahari / Takealot Merger Approved

    05 Jan 2015 by Seth Rotherham in Kalahari
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    The Competition Commission of South Africa has approved the merger of SA’s two biggest general goods merchants, Kalahari and Takealot, with a few conditions.

    According to f24:

    The Competition Commission of South Africa has approved a merger deal between local etailers Kalahari.com and takealot.com on certain conditions.

    In October 2014, Kalahari.com and takealot.com announced that they are merging their operations subject to regulatory approval.

    The two companies said the reasons for merging include scaling up their operations.

    And on Monday, the Competition Commission approved the deal.

    “It’s an approval subject to conditions to address employment concerns,” Hardin Ratshisusu, the acting deputy commissioner for the Competition Commission, told Fin24.

    Ratshisusu said the conditions include that “potential job losses should not exceed 200” with regard to the Kalahari-takealot merger.

    Nice one. As to whether or not they will drop one brand, or keep both brands, remains to be seen.

    Click here to read more and to see how much money Takealot has raised so far.

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