RCS Cards (Pty) Ltd And ABSA Bank Ltd (In Respect of The Edcon Ltd Cardholders Book Debt Owned by ABSA Bank Ltd)

Case number: LM131Nov19

Case parties:

Primary Acquiring Firm: RCS Cards (Pty) Ltd Primary Target Firm: ABSA Bank Ltd

Case type: Large Merger
Type of merger: Horizontal
Case status: Reasons Issued
Outcome: Approved
Order date: 2020-01-15
Sector: Financial and insurance activities
Industry: Other financials services except insurance and pension funding activities
Relevant market: National market for unsecured consumer credit
Competition Tribunal Members: Andiswa Ndoni, Yasmin Carrim, Halton Cheadle

Case Files

Order and Merger Clearance Certificate	176,4KB
2020-01-15-RCS-Edcon-Merger-MediaRelease.html	62,6KB
2020-0116-RCS-Edcon-Merger-MediaRelease2.html	80,1KB
Reasons for Decision	84,2KB