NET 1 Applied Technology And Ovobix (RF) (Pty) Ltd and Luxiano 227 (Pty) Ltd

Case number: LM121Nov21
Case parties: Primary Acquiring Firm: NET 1 Applied Technology
Primary Target Firm: Ovobix and Luxiano 227
Case type: Large Merger
Type of merger: Both
Case status: Reasons Issued
Outcome: Approved Subject to Conditions
Order date: 2022-03-09
Sector: Financial and insurance activities
Industry: Cash management and insurance solutions
Relevant market: Market for the sale of prepaid airtime and data, electricity, and bill payment/aggregation services
Remedy: 12A(3)(e) remedy
Competition Tribunal Members: Andreas Wessels, Liberty Mncube, Yasmin Carrim