Tag: Burger King South Africa

Ebrahim Patel (Image: Supplied)

3 CHANGES MADE TO THE COMPETITION ACT TO ENFORCE BLACK OWNERSHIP

Jimmy Swira

The Competition Commission‘s move to block the acquisition of Burger King South Africa by private equity fund, ECP Africa, may have shocked some, viewed as an extreme measure. However, the oversight body was merely enforcing the increased scope of its Read the full story

Image: Burger King

SALE OF BURGER KING BLOCKED OVER LACK OF BLACK OWNERSHIP

Jimmy Swira

The Competition Commission has blocked Grand Parade Investments’ sale of Burger King (South Africa) and Grand Foods to ECA Africa, a private equity fund, over significant reduction of shareholding of historically disadvantaged persons (HDPs) and workers. The Commission says the Read the full story