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