NET 1 Applied Technology And Ovobix (RF) (Pty) Ltd and Luxiano 227 (Pty) Ltd
Case Number
LM121Nov21
Case type
Large Merger
Type of merger
Both
Case status
Reasons Issued
Outcome
Approved Subject to Conditions
Order date
09-03-2022
Competition Tribunal Members
Andreas Wessels, Liberty Mncube, Yasmin Carrim
Industry
Cash management and insurance solutions
Relevant market
Market for the sale of prepaid airtime and data, electricity, and bill payment/aggregation services
Sector
Financial and insurance activities
Remedy
12A(3)(e) remedy
Case Name
NET 1 Applied Technology And Ovobix and Luxiano 227
Primary Acquiring Firm
NET 1 Applied Technology
Primary Target Firm
Ovobix and Luxiano 227