South Africa: Media Statement - Committee Calls for Transparency and Fairness in Mergers and Acquisitions Regarding Transformation Elements

South Africa: Media Statement - Committee Calls for Transparency and Fairness in Mergers and Acquisitions Regarding Transformation Elements

Press Release - The Portfolio Committee on Trade, Industry and Competition has called for greater transparency, fairness, and accountability in mergers and acquisitions (M&A), particularly with regard to imposing public interest conditions in terms of transformation and the inclusion of historically disadvantaged persons (HDPs).

Transformation must be key for Competition Commission, say MPs

They want more transparency to prevent the same people benefiting from all the deals