The Namibia Competition Commission (NaCC), has imposed a N$1 million fine on Bank of Namibia governor Johannes !Gawaxab, Ismael Gei-Khoibeb, and Gamma Investments, for implementing a merger without the commission’s approval.
NaCC spokesperson, Dina //Gowases, says !Gawaxab and others entered into a settlement agreement, following the commission’s investigation, which found that the parties have contravened the Competition Act of 2003, for implementing a merger, without the approval of the commission. Is this a mere storm in the tea cup, or something to write home about?
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