Merger Alert: Outcome of mergers decided by the Tribunal - 4 August 2025
The following Merger Alert is for information purposes only and is not binding on the Competition Tribunal or any member of the Tribunal
Type of matter | Parties involved | Tribunal Decision |
Large merger | Tyme Bank Ltd And Sanlam Personal Loans (Pty) Ltd | Approved without conditions |
Large merger | Saudi Agricultural and Livestock Investment Company And Olam Agri Holdings Ltd | Approved without conditions |
Large merger | RMB Investments and Advisory (Pty) Ltd and castleview Property Fund Ltd And Inani Prop Holdings (Pty) Ltd | Approved with conditions |
Tyme Bank Ltd And Sanlam Personal Loans (Pty) Ltd
The Competition Tribunal (“Tribunal”) has unconditionally approved the proposed merger in which Tyme Bank Limited (“Tyme Bank”) will acquire:
- shares in Sanlam Personal Loans Services (Pty) Ltd, to be renamed SanlamTyme JVCo (Pty) Ltd (“SanlamTyme”); and
- a portion of the unsecured personal loan portfolio originated and held by Sanlam Personal Loans (Pty) Ltd (“SPL”), referred to as the “SPL Sale Loan Book”.
In addition, both Tyme Bank and SPL will make a loan facility available to SanlamTyme for the purpose of advancing client loans. Following the merger, SanlamTyme and SPL Sale Loan Book will be jointly controlled by Tyme Bank and Sanlam Limited.
Tyme Bank provides personal and business banking services, including unsecured personal loans in South Africa. SPL, which is owned and controlled by Sanlam Life (a subsidiary of the Sanlam Group), offers unsecured personal loans and rewards for personal loans taken out with SPL.
Saudi Agricultural and Livestock Investment Company And Olam Agri Holdings Ltd
The Tribunal has unconditionally approved the proposed merger wherein Saudi Agricultural and Livestock Investment Company (“SALIC”) will acquire an indirect interest in the issued share capital of Olam Agri Holdings Limited (“Olam Agri”) from Olam Agri Pte. Ltd and Olam Holdings Pte. Ltd (the sellers). Following the implementation of the transaction, SALIC will have sole control over Olam Agri.
SALIC is a joint stock firm incorporated in the Kingdom of Saudi Arabia. It is an investment firm with interests in various international firms operating in agriculture and commodity trading.
Olam Agri is incorporated and headquartered in Singapore. It operates as a merchant and processor of agricultural products across the value chain including farming, origination, marketing, processing and distribution.
RMB Investments and Advisory (Pty) Ltd and Castleview Property Fund Ltd And Inani Prop Holdings (Pty) Ltd
The Tribunal has approved the proposed merger whereby RMB Investments and Advisory (Pty) Ltd (“RMBIA”) and Castleview Property Fund Limited (“Castleview”) will acquire indirect joint control over Inani Prop Holdings (Pty) Ltd (“Inani”). The Tribunal has approved the merger subject to procurement-related conditions.
RMBIA, part of the FirstRand Group, is an investment firm focused on the acquisition and holding of assets for investment purposes. Castleview is a property holding and investment firm. Inani is a privately held commercial property investment firm and property fund.
Issued by:
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
Cell: +27 (0) 82 410 1195
E-Mail: GillianD@comptrib.co.za
Twitter: @comptrib
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