Santam Ltd And The MTN Portfolio Comprising the Device Insurance Policies Marketed and Distributed by Mobile Telephone Networks (Pty) Ltd and Underwritten by Guardrisk Insurance Company Ltd in a Cell Captive

Case number: LM175Jan23
Case parties: Primary Acquiring Firm: Santam Ltd
Primary Target Firm: MTN Portfolio
Case type: Large Merger
Type of merger: Horizontal
Case status: Reasons Issued
Outcome: Approved
Order date: 2023-03-13
Sector: Financial and insurance activities
Industry: Insurance
Relevant market: broad market for the provision on short term insurance
Competition Tribunal Members: Fiona Tregenna, Jerome Wilson, Liberty Mncube