JOHANNESBURG - South Africa's Competition Commission on Thursday recommended that the Competition Tribunal block the proposed acquisition of WeBuyCars by MIH eCommerce Holdings, an entity of Naspers.
The Competition Commission said while it found that the proposed transaction did not present any competitor overlap as Naspers was not active in the buying and selling of cars, Naspers, through Frontier Car Group Inc, had been anticipating entering the South African market for the wholesale and online buying of used cars in competition with WeBuyCars. The Commission said given this potential entry, it had assessed if the proposed merger would result in the removal of potential competition.
WeBuyCars is a dominant wholesale and online buyer of used cars from the public, while AutoTrader is the largest online classified platform and generates significant customer traffic, making it a key online platform for traditional used car dealers seeking to sell their car stock. It said it was concerned that the proposed merger would result in the foreclosure of other traditional dealers, that is, rivals of WeBuyCars on the sell side.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Cabinet to be restructured to benefit economy - Ramaphosa | IOL Business ReportPresident Cyril Ramaphosa has assured a gathering of investors in that his Cabinet will be restructured to bolster plans ... Ramaphosa is all about money he care about nothing elss New Dawn appears fake news. The list of candidate MPs,as submitted to CJ Moeng, contains most of the incompetent & corruption tainted ANC members. More of the same 💩!
Herkunft: IOL - 🏆 46. / 51 Weiterlesen »
WATCH: Rand comes back down overnight | IOL Business ReportGet the latest market update and top stories from our newsrooms across South Africa, Africa and the world.
Herkunft: IOL - 🏆 46. / 51 Weiterlesen »
'Cabinet size, structure among key post-election investor issues for Ramaphosa' | IOL Business ReportThe size and structure of SA's new cabinet are among the key issues investors will judge President Ramaphosa on after last week's national elections. busrep We need to seriously talk about provinces. We don't really need them. We're not a federal state. I still don't know what those provincial parliamentarians really do. We can save lots of money by getting rid of them or reduce them as a start.
Herkunft: IOL - 🏆 46. / 51 Weiterlesen »
DStv Now service crashes leaving viewers fuming | IOL Business ReportTV viewers and sport lovers were left fuming over the weekend due to the DStv Now app and web streaming service crashing. busrep I’m a DSTV Now viewer. When it crashed, I didn’t fume, I wasn’t fuming. busrep 😂 😂 😂
Herkunft: IOL - 🏆 46. / 51 Weiterlesen »
South Africa's unemployment rate rises to 27.6% in first quarter | IOL Business ReportStatistics South Africa today said that the number of employed persons decreased by 237 000 to 16,3 million in the first three months of this year. busrep We all know what the cure for unemployment is. Let’s be bold and implement it. busrep Thank u myanc busrep Thats what most people voted for
Herkunft: IOL - 🏆 46. / 51 Weiterlesen »
OPINION: Key post-election investor issues for Ramaphosa | IOL Business ReportWith the elections now behind us, investors’ focus will shift to President Ramaphosa’s ability and political will in addressing issues of concern.
Herkunft: IOL - 🏆 46. / 51 Weiterlesen »
Ramaphosa says new administration will repair economy | IOL Business ReportThe president was on a charm offensive a day as pressure mounted on him to improve SA's competitiveness and turn state-owned entities around following last week's elections. busrep
Herkunft: IOL - 🏆 46. / 51 Weiterlesen »
Ramaphosa says government is committed to speedy economic reforms | IOL Business ReportSouth Africa’s President Cyril Ramaphosa said on Wednesday that the African National Congress-led government will speed up economic reforms. busrep Investors will only take you seriously when they see some serious action being taken against corruption, but yet, those implicated in corruption still rule the roost. busrep So you will get all the comrades to give the money back they stole and have them prosecuted. Get the ANC publicly apologize for failing SA for the past 25 years
Herkunft: IOL - 🏆 46. / 51 Weiterlesen »
Apple faces rise in iPhone costs | IOL Business ReportApple could see the production costs for its iPhone rise given the impact that trade tensions between the US and China are having on input materials. busrep
Herkunft: IOL - 🏆 46. / 51 Weiterlesen »