Blow for billionaire Motsepe’s company in South Africa

BusinessTech

Billionaire Patrice Motsepe’s African Rainbow Capital may have to divest a fresh produce company due to a Competition Commission inquiry. The inquiry found ARC’s ownership in RSA Group and Subtropico raises competition concerns in the market. The investigation highlights the lack of incentive for competition between companies with common ownership, impacting market dynamics.

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Daily Dive
Daily Dive
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