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 type
Large Merger
Type of merger
Horizontal
Case status
Reasons Issued
Outcome
Approved
Order date
15-01-2020
Competition Tribunal Members
Andiswa Ndoni, Yasmin Carrim, Halton Cheadle
Industry
Other financials services except insurance and pension funding activities
Relevant market
National market for unsecured consumer credit
Sector
Financial and insurance activities
Case File
Case Name
RCS Cards And ABSA Bank
Primary Acquiring Firm
RCS Cards (Pty) Ltd
Primary Target Firm
ABSA Bank Ltd