General Notice No. 244 of 2014

Competition Commission » Notification to approve with conditions the transaction involving » Shalamuka...

Title	Competition Commission » Notification to approve with conditions the transaction involving » Shalamuka Fund Manager (Proprietary) Limited and Safika Investment Limited 2013Aug0378
Department	Trade and Industry
Gazette	National Gazettes, No. 37478 of 28 March, 2014, 7 page(s), 1.1Mb

STAATSKOERANT, 28 MAART 2014                        No. 37478  3

GENERAL NOTICES

NOTICE 244 OF 2014

COMPETITION COMMISSION

NOTIFICATION TO APPROVE WITH CONDITIONS THE TRANSACTION INVOLVING:
                                SHALAMUKA FUND MANAGER (PROPRIETARY) LIMITED

AND

SAFIKA INVESTMENT (PROPRIETARY) LIMITED

2013AUG0378

The Competition Commission hereby gives notice, in terms of Rule 38 (3)(c) of the 'Rules for
                the Conduct of Proceedings in the Competition Commission, that it has approved the
                transaction involving the above mentioned firms subject to conditions as set out below:

The primary acquiring firm is Shalamuka Fund Manager (Pty) Ltd ("Shalamuka Fund").
                Shalamuka Fund is jointly controlled by Shalamuka Foundation Trust ("Shalamuka Trust") and
                First Rand Ltd ("First Rand"). First Rand is a public company listed on the JSE Ltd. Both
                Shalamuka Trust and First Rand control a number of subsidiaries. On the other hand Shalamuka
                Fund controls Shalamuka Capital (Pty) Ltd and Shalamuka Security (Pty) Ltd. Shalamuka Trust,

First Rand and their respective subsidiaries will collectively be referred to as (the "Acquiring
                Firms").

The primary target firm is Safika Investments (Pty) Ltd ("Safika Investments"). Safika

Investments is controlled by RMB Private Equity (Pty) Ltd, Corvest 100 (Pty) Ltd and Contest
                Manco (Pty) Ltd. The entities comprising of the Corvest Consortium are ultimately controlled by
                First Rand, hence Safika Investments is ultimately controlled by First Rand.

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General Notice No. 244 of 2014

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