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
2020-01-15 12:10:00
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 File 2
Case File 3
Primary Acquiring Firm
RCS Cards (Pty) Ltd
Primary Target Firm
ABSA Bank Ltd
Secondary Target Firm
ABSA Bank Ltd
Hearing Parties
10 / H / RCS Cards And ABSA Bank / LM131Nov19 / AN;YC;HC
Hearing Start
2020-01-15 10:00:00
Hearing End
2020-01-15 12:00:00
Hearing Decision Date
2024-05-27 06:00:05