Posts tagged #South Africa

Economic analysis for an insurance merger for the Competition Commission of South Africa, 2016 - 2017

The Competition Commission briefed Acacia Economics to provide expert economic reports and testimony in relation to the Hollard, Regent and related mergers. Initially, the transaction was structured such that Hollard would acquire the underwriting business of Regent (owned by Imperial) which encompassed a number of products, including motor value-added products (VAPs) such as credit life and shortfall cover, warranties and scratch and dent cover. In addition, Motovantage, a jointly owned subsidiary of Hollard and FirstRand/Wesbank, would acquire the VAPs marketing, administration and retail businesses of Imperial. The Competition Commission prohibited the transaction based on its concerns around the parties' overlapping activities in the underwriting of VAPs as well as in downstream VAPS markets. The Commission also had concerns around the distribution arrangements through Imperial dealerships and the ability of Wesbank to influence Finance and Insurance Personnel ("F&Is") to direct customers to finance vehicles and VAPs through Wesbank at Imperial dealerships. Acacia Economics prepared an expert economic report for the Competition Commission which found that the merger could lead to a significant lessening of competition in the market for financial and mechanical VAPs. The merging parties put forward a remedy to the concerns raised which excluded MotoVantage and Wesbank from the transaction and instead meant that Imperial retained its VAPs businesses. The commitments made were sufficient to satisfy the Commission and Tribunal that the transaction would not substantially lessen competition and the revised transaction was subsequently approved by the Tribunal with conditions.

Economic advice and analysis of proposed policy interventions for the Independent Communications Authority of South Africa, 2017

Bowmans Attorneys briefed Acacia Economics to provide a series of expert economic reports on competition and economic regulation aspects of proposed government policy interventions for the Independent Communications Authority of South Africa (ICASA). In addition to an overview of the likely impact of the proposed interventions on the sector, Simon Roberts, Ryan Hawthorne, Sha'ista Goga, Genna Robb, Pamela Mondliwa and Anthea Paelo provided detailed economic reports on a range of topics in relation to ICT policy.

Posted on December 13, 2017 .

Economic research and analysis for the Competition Commission of South Africa's Healthcare Market Inquiry, 2014 - 2017

Genna Robb, Sha'ista Goga and Ryan Hawthorne were part of a panel of consultants working on the South African Competition Commission’s private healthcare market inquiry. This included analysing the impact of the regulatory framework and previous competition interventions on the dynamics of competition in the sector. 

Expert economic advice to the Independent Communications Authority of South Africa in relation to a review of its spectrum auction decision, 2016

PPM Attorneys (attorneys for ICASA) briefed Acacia Economics to provide expert economic reports to the High Court in relation to the review of ICASA’s spectrum auction decision brought by the Minister of Telecommunications and Postal services. Acacia Economics provided economic analysis in relation to the concerns raised by the DTPS, including a review of international best-practice in spectrum auction design and an assessment of the possible competition implications of ICASA's proposed approach. 

Posted on December 13, 2017 .

Expert economic advice on the Coca Cola / SAB (bottlers) merger for the Economic Development Department, 2015 - 2016

Werksmans Attorneys (attorneys for the Economic Development Department) appointed Acacia Economics to provide expert advice to the Economic Development Department in relation to the competition and public interest effects the merger between Coca-Cola and SAB (bottlers) in South Africa.

Posted on December 13, 2017 .