South African merger filing fees and intermediate merger thresholds to increase from 1 October

19th September 2017

South African merger filing fees and intermediate merger thresholds to increase from 1 October

On 15 September 2017, the South African Minister of Economic Development, Ebrahim Patel, published Government Notices no. 1003 and 1005, which announced increases to the intermediate merger thresholds and merger filing fees. These increases will be effective from 1 October 2017.

The amendments in respect of the intermediate merger thresholds include:

There is no increase to the large merger thresholds, which are currently set at ZAR6.6-billion for the sum of the acquiring/purchaser group’s turnover or assets (whichever is higher), and the target/transferred firm’s turnover or assets (whichever is higher); and ZAR190-million for the target/transferred firm’s turnover or assets (whichever is higher).

The amendments in respect of the merger filing fees are that:

For more information, please contact ENSafrica’s anti-trust/competition team.

This article was first published by ENSafrica.  

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