Description of Activities

Description: The Commission resolved to approve without conditions the acquisition of Havenrock Investments Proprietary Limited (“Havenrock Investments”) and Roidina Farm (Pty) Ltd (“Roidina Farm”) by Brookstone Investments Proprietary Limited (“Brookstone Investments”) and Savanna Bloom Investments PTY Ltd (“Savanna Bloom”). 

Acquiring group: The first primary acquiring undertaking is Brookstone Investments Proprietary Limited (“Brookstone Investments"), which is controlled by Gaiamare Limited (“Gaiamare”) and is registered in Finland. The Second Primary Acquiring Undertaking is Savanna Bloom Investment (Pty) Ltd (“Savanna Bloom”) incorporated in Namibia and it’s controlled by Platinumedge Investments (Pty) Ltd (“Platinumedge”) which is controlled by Mr Kenneth Matengu and Brookstone Investments. The acquiring group business interests are in transport, specializes in shipping, operating specialized deck cargo vessels focused on eco-friendly maritime operations, including bio-vessels and oil spill responses. 

Target undertaking: The target undertaking is Havenrock Investments Proprietary Limited (“Havenrock Investments”), which owns an immovable property, and Roidina Farm Proprietary Limited (“Roidina Farm”) (trading as Roidina Safari Lodge/Roidina Nature Farm) situated in the Erongo region.  Havenrock Investments is owned by the Francol Trust, Francois Andre Kotze and Corne Kotze. Roidina Safari Lodge is a hospitality establishment operating within Namibia’s nature-based tourism sector, offering accommodation in self-contained safari-style bungalows on a privately owned game farm.

Relevant market: Defined the relevant product market as the provision of tourism services 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. 

Merger Determination No.3 of 2026___