Author: The Bulrushes
The Competition Commission (“Commission”) has recommended that the Competition Tribunal (“Tribunal”) approves the proposed transaction whereby Groupe Canal+ SAS (“Canal+”) intends to acquire MultiChoice Group Limited (“MCG”), with conditions. The recommendation follows the Commission’s investigation of the large merger notification received on 30 September 2024. The primary acquiring firm is Canal+, a French société par actions simplifiée registered with the Registre du Commerce et des Sociétés in Nanterre, France. Canal+ is a subsidiary of Canal+ SA, which is listed on the London Stock Exchange’s Main Market. Canal+ together with its ultimate controllers, and the firms controlled by those firms are…
The struggling South African Post Office (SAPO) has received a much-needed lifeline – a massive cash injection of R381 million from the Unemployment Insurance Fund (UIF) – that will help save thousands of jobs. Employment and Labour Minister Nomakhosazana Meth formally on Sunday, 18 May 2025, anounced the implementation of the signed agreement between SAPO and the Unemployment Insurance Fund (UIF). The minister said the agreement was aimed at “preserving nearly 6 000 jobs and supporting the revitalisation of one of the country’s most critical state-owned entities”. Minister Meth added: “Through the Temporary Employer-Employee Relief Scheme (TERS), the UIF will…
Tiger Brands has entered into a sale of business agreement to facilitate the Company’s exit from its deciduous canned fruit business, Langeberg and Ashton Foods. The sale, which comes five years after Tiger Brands announced its intended exit, is to a newly formed company (Newco) established by a capable and committed consortium comprised of parties with a vested interest in the sustainability of Langeberg and Ashton Foods and a cooperative of fruit growers in the Ashton area (the Consortium) who bring agricultural sector expertise and insights. Based in Ashton in the Western Cape, the iconic business provides employment to more…
Amid rising criticism, Higher Education and Training Minister Dr. Nobuhle Nkabane has reversed the appointment of the Chairpersons of the Boards of Sector Education and Training Authorities (SETAs). Earlier this week, a leaked list of appointments to SETA boards revealed shocking political patronage, with African National Congress (ANC) loyalists, including party chairman and Energy Minister Gwede Mantashe’s son, Buyambo Mantashe, and a former KwaZulu-Natal premier, Nomusa Dube-Ncube, handed key positions. However, late on Thursday, (15 May 2025), Minister Nkabane withdrew the controversial appointments. “I have taken the decision to withdraw previous appointments in response to public concerns,” Minister Nkabane said. “Further, I take this decision in the interest of…
Online shoppers in the Randburg area may have experienced a disruption in speedy deliveries after the Johannesburg Metropolitan Police Department (JMPD) swooped on the delivery bikers. Commenting on the raid on Tuesday, (13 May 2025), the JMPD said it “intensified ongoing operations in the Rosebank area to address concerns related to illegal and unsafe delivery bike activities”. The JMDP added: “These efforts are part of a broader citywide initiative to ensure traffic safety, compliance with municipal bylaws, and the protection of pedestrians and motorists. “Recent observations highlight a sharp increase in delivery bikes operating unlawfully, often obstructing traffic and pavements,…
A settlement offer has been made as part of a possible overall resolution of the listeriosis class action taken against Tiger Brands. In a statement made available to The Bulrushes on Monday, (12 May 2025), Tiger Brands confirmed that: “The attorneys representing its lead reinsurer (QBE Insurance Group Limited) have presented a settlement offer to the plaintiffs’ attorneys as part of a road-map to a possible overall resolution of the listeriosis class action”. “The lead reinsurer, having primary conduct of the defence of the class action against Tiger Brands, has with Tiger Brands’ support and agreement authorised the insurers’ attorneys to…
The Prudential Authority (PA) has announced that it notes the recent ruling by Judge J Ncube in the Pietermaritzburg High Court and has launched an application for leave to appeal the decision. On Friday, (9 May 2025), the court ruled in favour of Ithala following a dispute over the powers of Johan Kruger, the Repayment Administrator (RA), who has taken over the operations of the bank following his appointment by the PA pending a liquidation process, which is a separate matter pending in court. The PA said the RA will also lodge an appeal against the judgment. “It is important…
The first group of white people who have left South Africa to become refugees in the United States is expected to arrive in Washington, D.C. today. The 49 Afrikaners, who included men, women, and children, departed from OR Tambo International Airport on Sunday, (11 May 2025) for the U.S. via Dakar, Senegal. The move came after reports said the U.S. government has officially granted 54 Afrikaner South Africans, white descendants of mainly Dutch colonisers, refugee status. While checking in ahead of their departure, the “refugees” who are allegedly victims of discrimination by the SA government declined interviews. Although the South…
Huawei Consumer Business Group South Africa has netted a significant partnership with Mamelodi Sundowns FC, one of Africa’s most celebrated football teams. As the Official Mobile Partner, Huawei on Friday, (4 April 2025), said it was committed to bringing game-changing innovation to the club, enhancing performance both on and off the pitch. Huawei said that by leveraging its technological expertise, Mamelodi Sundowns FC was poised to elevate their game, using advanced tools and analytics to maintain its competitive edge. Huawei said this collaboration exemplifies a shared commitment to innovation, excellence, and the pursuit of greatness, which promises to deliver unparalleled…
The Lilongwe Magistrate Court in Malawi has ruled that fugitives Prophet Shepherd Bushiri and his wife Mary – must be extradited to South Africa to face charges of fraud, money laundering, and corruption. The Chief Resident Magistrate Judge Patrick Chirwa made the ruling today, Wednesday,(12 March 2025). ommenting on the matter the South African government said it welcomed the ruling. “We have been informed that the pair intends to appeal the ruling,” said South Africa’s Department of Justice and Constitutional Development. “The South African government will oppose the appeal.” However, the department said it will await the outcome of the appeal…