Beer giant merger gets go-ahead from South Africa's competition tribunal
The Competition Tribunal approved the merger between beer giants Anheuser-Busch InBev SA/NV and SABMiller plc‚ subject to wide-ranging conditions designed to address both public interest and competition concerns arising from the merger. When the Competition Commission gave its approval of the $108 billion deal earlier in June‚ it attached‚ among others‚ the condition that the merged entity not be allowed to retrench SABMiller employees and that the condition remain in perpetuity.The tribunal has changed this.The evergreen restriction on merger-related retrenchments‚ whilst retained‚ has been clarified with a provision which shifts the burden of proving the retrenchment is a result of the merger to the employee after a period of five years...
There’s never been a more important time to support independent media.
From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.
For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.
Already subscribed? Sign in below.
Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.