The Competition Commission

Mart Rand23 Jul, 2022Legal

A sale of shares also does not necessitate a transfer of employees, as the employees will simply continue with their employment with the buying company. Since inception of the Companies Act in 2011, and the introduction into South Africa of the statutory merger provisions, the market has seen a slow increase in the number of transactions making use of this statutory procedure. A merger provides for one entity to merge into another or for two or more entities to amalgamate into a new separate entity.