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RMB Ventures Eight (Pty) Ltd And Mafika Engineering (Pty) Ltd, Mafika SA (Pty) Ltd and Balcova Trading CC (Mafika Group of Companies)
The Tribunal has unconditionally approved the merger between RMB Ventures Eight (Pty) Ltd (“RMBV”) and Mafika Engineering (Pty) Ltd (“Mafika Engineering”); Mafika SA (Pty) Ltd (“Mafika SA”); and Balcova Trading CC (“Balcova”) (the Mafika Group of Companies).
RMBV is a private equity investor that mainly invests in established African businesses with demonstrated track records and provides strategic input. Mafika Engineering and Mafika SA are independent rebuilders that re-manufacture high horsepower diesel engines used in front-line mining equipment such as haul-trucks, dozers and excavators. Balcova houses the properties that are Mafika Engineering and Mafika SA’s workshop and head office.
Capital Propfund (Pty) Ltd And Diggers Development (Pty) Ltd on behalf of the Immovable Property Known as Flamwood Walk, Flamwood Value Centre and Certain Vacant Land
The Tribunal has approved, without conditions, the merger wherein Capital Propfund (Pty) Ltd (“Capital Propfund”) intends to acquire the rental shopping centres known as Flamwood Walk and Flamwood Value Centre as well as vacant land known as the “Brothers Vacant Land” from Diggers Development (Pty) Ltd (“Diggers Development”). This transaction constitutes a move from joint to sole control.
Capital Propfund is ultimately controlled by a Real Estate Investment Trust (“REIT”). The acquiring group comprises property ownership firms with a portfolio of immovable properties and rental enterprises across South Africa. The properties in this transaction are situated in the North West province.
The SPAR Group Ltd And SPAR Encore Ltd
The Tribunal has approved the large merger between The SPAR Group Ltd and SPAR Encore Ltd (“SPAR Encore”), subject to conditions relating to local procurement commitments.
The SPAR Group is a wholesaler and retailer of grocery products, liquor, building materials and pharmaceutical products. It acquires branded and private label goods for its own SPAR outlets and goods for on selling to independent SPAR outlets.
SPAR Encore is a private label supplier which sources, packages, warehouses and supplies private label products to the SPAR Group (i.e. the Spar Group is its only customer). It supplies food products, personal care products and general household products and service items.
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