Nedbank Ltd And ERF7 Sandown

The judgment

The court's own file

COMPETITION TRIBUNAL OF SOUTH AFRICA Case No.: LM058Aug21In the matter between:Nedbank Limited Primary Acquiring Firm And Erf 7 Sandown Proprietary LimitedPrimary Target FirmE Daniels (Presiding Member)H Cheadle (Tribunal Panel Member)Panel:I Valodia (Tribunal Panel Member)Heard on:27 September 2021Decided on:27 September 2021 ORDER Further to the recommendation of the Competition Commission in terms of section 14A(1)(b) of the Competition Act, 1998 (“the Act”) the Competition Tribunal orders that- 1. the merger between the abovementioned parties be approved in terms of section 16(2)(a); and 2. a Merger Clearance Certificate be issued in terms of Competition Tribunal rule 35(5)(a). 27 September 2021Presiding Member Mr Enver Daniels DateConcurring: Mr Halton Cheadle and Prof. Imraan I. Valodia