COMPETITION TRIBUNAL REPUBLIC OF SOUTH AFRICA
Case No.: LM164Feb24
In the matter between:
Hollywood Racing Enterprises (Pty) Ltd Primary Acquiring Firm
And
Gold Circle (Pty) Ltd Primary Target Firm
Panel: L Mncube (Presiding Member)
I Valodia (Tribunal Member)
A Ndoni (Tribunal Member)
Heard on: 26 July 2024
Decided on: 26 July 2024
ORDER
Further to the recommendation of the Competition Commission in terms of section
14A(1)(b)(ii) of the Competition Act, 1998 (“the Act”) the Competition Tribunal orders
that–
1. the merger between the abovementioned parties be approved subject
to the conditions set out in “ Annexure A” in terms of section 16(2)(b) of the
Act; and
2. a Merger Clearance Certificate be issued in terms of Competition Tribunal
Rule 35(5)(a).
Presiding Member Prof. Liberty Mncube
26 July 2024
Date
Concurring: Prof. Imraan Valodia and Ms Andiswa Ndoni