AGRICULTURE NEWS - Two of South Africa’s largest ostrich processing and marketing companies, Klein Karoo International and Mosstrich, are contesting the Competition Commission’s (CompCom) decision taken earlier this year to prohibit their proposed merger.
A statement released by the CompCom at the time said the decision was intended to prevent the merged companies from establishing a monopoly on the domestic ostrich meat, feathers and leather markets.
"When all the factors are taken into account, the commission found that the proposed merger results in a substantial lessening of competition. There were no sufficient efficiency, technological, or pro-competitive justifications, or workable remedies submitted, that alleviate the concerns arising. For this reason, the commission prohibited the proposed transaction."
Read the full article here on the Caxton publication, Farmer's Weekly.
