If the Competition Commission expected plaudits for its refusal to allow Grand Parade Investments’ sale of Burger King to go ahead, on the basis of public interest, it has woefully misjudged the market. Business groups such as the Southern African Venture Capital & Private Equity Association and Business Unity SA (Busa) have sharply criticised the decision, arguing that the unintended consequences will be profound and that empowerment shareholders will in fact be hurt the most. The FM spoke to Busa CEO Cas Coovadia.
The Competition Commission denies it has overreached its mandate — what do you think?..
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