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
2022-03-09 12:10:00
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
Case File 3
Remedy
C5 12A(3)(e) remedy
Primary Acquiring Firm
NET 1 Applied Technology
Primary Target Firm
Ovobix and Luxiano 227
Secondary Target Firm
Ovobix and Luxiano 227
Hearing Parties
16 / H / NET 1 Applied Technology And Ovobix and Luxiano 227 / LM121Nov21 / AW;LM;YC
Hearing Start
2022-03-03 16:15:00
Hearing End
2022-03-03 17:30:00
Hearing Decision Date
2024-05-27 06:00:04