Court roll for Wednesday, 21 June
Vandanex Pty Ltd wishes to acquire 13 immovable properties and retail rental enterprises owned by Jarrabilla Investments
The Tribunal is to hear the proposed large merger between Vandanex Proprietary Limited (Vandanex) and 13 immovable properties and retail rental enterprises owned by Jarrabilla Investments Pty (Ltd) (Jarrabilla).
Vandanex is controlled by Mobe Investments (Pty) Ltd (Mobe). Vandanex and Mobe are part of a group of property ownership and development firms controlled by the Moolman Group. The Moolman Group owns a portfolio of investment properties including retail, industrial and office properties.
The 13 target properties are situated in the North West, Northern Cape, Mpumalanga and Limpopo provinces. They comprise immovable property and retail rental enterprises owned by Jarrabilla. These include Theo's Building Brits; Allied Klerksdorp; John Orr Klerksdorp; Ellerines Northam; Beares Northam; Edgars Vryburg; Jet Stores Potchefstroom; Edgars Kuruman; Morkels Kuruman; JR Mall Kuruman; Foschini Kimberley; Henshall Street Nelspruit; and Greywies Dry Cleaners Polokwane.
Vandanex will acquire control of all the target properties post-transaction.
Fine for furniture removal company Core Relocations to be confirmed
The Competition Commission is asking the Tribunal to confirm a settlement agreement with furniture removal company Core Relocations for collusive tendering in the market for furniture removal services from 2007 to December 2012. In terms of that settlement Core will pay an administrative penalty of R211 750.56.
Fines are calculated on annual turnover of the companies.
The complaint by the Commission said that Core colluded with JH Retief, Cape Express, Pro Pack and Sifikile on tenders issued by the SANDF. The Commission found that Core had engaged in 44 instances of collusive tendering.
The Competition Commission initiated a complaint into prohibited practices in the market for future removal in November 2010 and amended its complaint in 2011 and 2013 to include more firms.
Consent orders previously approved in the same case:
- Competition Commission and Cape Express Removals, administrative penalty R645 710.00 for 1774 instances of collusion;
- Competition Commission and JH Retief Transport, administrative penalty R4 273 060.80 for 3487 instances of collusion; and
- Competition Commission and Pro Pack Removals, administrative penalty R454 127.60 for 548 instances of collusion.
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