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The Competition Commission is no longer blocking the sale of SA’s Burger King franchise to a US private equity firm, allowing foreign direct investment and easing concerns about a hostile business environment.

Grand Parade, an investment house firm founded as a BEE partner to Sun International, has been trying to sell the franchise since early 2020 for R570m in a deal that will see dividends flow to shareholders, including many on the Cape Flats who have seen little income in recent years...

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