BURGER KING DEAL IS NOT A SIGNAL OF A FLIP ON BEE CONCERNS, SAYS COMPETITION REGULATOR

BL PREMIUM - COMPETITION / 30 AUGUST 2021 - 05:10 / HAJRA OMARJEE AND KATHERINE CHILD

Competition Commission head Tembinkosi Bonakele says transformation needs to happen more, and not less, aggressively

The Competition Commission’s decision to backtrack on blocking empowerment group Grand Parade Investments’ sale of the Burger King franchise to a US private equity firm is not a signal that it’ll abandon giving priority to public interest considerations when assessing potential deals.

Speaking to Business Day last week, Tembinkosi Bonakele, the commissioner of the Competition Commission, said that transformation needs to happen more, and not less, aggressively, and that the body is a tool for achieving that........

CONTINUE READING HERE : https://www.businesslive.co.za/bd/companies/retail-and-consumer/2021-08-30-burger-king-deal-is-not-a-signal-of-a-flip-on-bee-concerns-says-competition-regulator/

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Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER