Description of Activities

Description: The Commission resolved to approve without conditions the acquisition by Mr. Jaco Duvenhage of issued share capital in Walfish Electric (Pty) Ltd.

Acquiring group: The primary acquiring undertaking is Mr. Jaco Duvenhage, a Namibian businessman with other business interests within the electrical supplies industry in Namibia.

Target undertaking: The primary target undertaking is Walfish Electric (Pty) Ltd, which is a company that supplies and distributes electrical equipment and appliances in Namibia.

Relevant market: Defined as the market for the supply and distribution of electrical equipment and supplies in Namibia.

Merger Determination

The Commission found the proposed transaction unlikely to result in the prevention or substantial lessening of competition or result in any undertaking to acquire or strengthen a dominant position in the market and did not raise any public interest concerns.

However, as stated under section 50 of the Act, this approval does not relieve parties from complying with any other mandatory statutory approvals that any of the parties to this merger must comply with under Namibian laws.