Description of Activities

Description: The Commission resolved to approve with conditions the acquisition of shares and control in Tulongeni Holdings Proprietary Limited (“Tulongeni”) by the Muller Familie Nam Trust (“Purchaser One”) and the Danla Trust (“Purchaser Two”) from the Kunene Business Trust (“Seller”) and Mr Jakobus Hendrik Jansen van Vuuren (“JVV”).  

Acquiring group: The first Acquiring Undertaking is the Muller Familie Nam Trust (“Purchaser One”), a Namibian trust and the second Acquiring Undertaking is the Danla Trust (“Purchaser Two”), also a Namibian registered trust.

Purchaser One currently holds interests in Tulongeni, which is involved in the fuel retail business across the country.

Target undertaking: The Primary Target Undertaking is Tulongeni, a company duly incorporated in accordance with the laws of Namibia and is currently owned by the Seller and JVV. 

Tulongeni operates fuel retail businesses in Namibia with main activities consisting of the retail sale of refined petroleum products, including petrol (gasoline), diesel fuel, and engine lubricants together with all related and ancillary forecourt activities including on‑site convenience stores/quick shops.

Relevant market: Defined as the market for the retail sale of refined petroleum products, including petrol, diesel fuel, and engine lubricants, together with all related and ancillary forecourt activities including on‑site convenience stores/quick shops in Walvis Bay, Noordoewer, Mariental, Windhoek, Tsumeb, Oshakati, and Rehoboth. 

Merger Determination

The Commission has found that the transaction is unlikely to substantially lessen or prevent competition, but that it relates to a previous transaction (Tulongeni Holdings (Pty) Ltd//B-One Service Station & Smart Shop CC and B-One Express Rehoboth CC//Case No: 2026MAR0016MER), which raised concerns under the public interest criteria set out in Section 47 of the Competition Act and was approved with employment conditions. Therefore, to ensure continued relevance and effectiveness of those Conditions and to prevent them from becoming redundant or losing their intended effect as a result of the proposed change in ownership, the Commission has approved the merger with the same employment protection conditions. 

Merger Determination No.5 of 2026