Cases on the roll before the Tribunal on 22 February 2017
JR 209 Investments to acquire target companies Zendai Development, Zendai Investment Management (SA) (Pty) Ltd and Zendai Capital (Pty) Ltd
Property development and investment company JR 209 Investments’ acquisition of Zendai Development (South Africa), Zendai Investment Management (South Africa) and Zendai Capital has been approved by the Competition Tribunal.
JR 209 Investments owns a portfolio of immovable properties and vacant land, and is involved in property development in South Africa. The acquiring group owns residential properties, office properties, vacant land zoned for office property, light industrial properties, properties zoned for light industrial property, retail properties and vacant farmland.
The Target Firms, controlled by Zendai (South Africa) (Pty) Ltd, own industrial, commercial, retail and residential properties in Gauteng. Zendai Development is a property development business, which acts as the property developing arm of the Target Firms. Zendai Investment Management is a property investment company, while Zendai Capital is a dormant company.
Boundlesstrade to acquire the AA Group
The merger between Boundlesstrade and the AA Group has been approved without conditions by the Tribunal.
Boundlesstrade is a wholly owned subsidiary of Imperial Holdings Limited. Boundlesstrade is an investment holding company that conducts its activities through the AA Group. The Imperial Group of companies provides a range of products and services including transportation and distribution services, aviation leasing, car rental and insurance, among others.
The AA Group sells new passenger and new light commercial vehicles, in particular, Chery passenger vehicles and Foton light commercial vehicles as well as after-sales maintenance services.
Bruce Fruit and JAB Dried Fruit Products merger approved with condition
The Tribunal has approved the merger of Bruce Fruit and JAB Dried Fruit Pty Ltd which will give Bruce Fruit control of JAB Dried Fruit.
The Tribunal has added a condition to its approval, namely that the merging parties provide the Memorandum of Incorporation of JAB Dried Fruit Pty Ltd and the underlying transaction documents by no later than 30 April 2017.
Bruce Fruit is a newly incorporated company and is wholly-owned and controlled by Sanlam Life Insurance Limited acting through its Sanlam Private Equity division. The Sanlam Group is a leading financial services group and does not have any investments in firms that are active in the sale of dried fruit and nut products.
JAB specialises in the procurement, processing, packaging and distribution of dried tropical fruit, stone fruit and nuts. Its primary operations are based in Mpumalanga and the company sells these products to both the local and export markets, for example, it packs retail packs of dried fruit and nuts for the Pick ‘n Pay in-house brand and exports products to the USA, UK and other African countries.
Communications: Competition Tribunal
Tel (012)394 1383
Cell: +27 (0) 73 007 5603
On Behalf Of:
Registrar: Competition Tribunal
Tel: (012) 394 3355
Cell: +27 (0) 82 556 3221