01
Aug
Martin Endjala The Namibia Competition Commission (NaCC) has fined four Chinese companies N$5 million for merging without authorisation. This was disclosed on Wednesday by NaCC spokesperson, Dina //Gowases. The companies are Fan Qingmei, Wang Zhongke, Hong Xiang Holdings Ltd., and Whale Rock Cement Pty Ltd., which owns Cheetah Cement. “The Commission’s investigation found that the parties contravened Section 44, read with Sections 51 and 53 of the Competition Act. The investigation focused on a merger between West China Cement Limited and Schwenk Namibia (Proprietary) Limited, which was prohibited in 2020 due to its potential to prevent or lessen competition in…