The Competition Authority (CA) on Friday bid farewell to its founding CEO, Thula Kaira who has chosen not to renew his contract after leading the authority for five years. Tebelelo Pule - the Director for Corporate Services – has been since appointed the acting CEO and will lead the company starting on Monday. CA started operations in 2011. Kaira said the establishment of the organisation has mainly been of greater assistance to the consumers. He said he leaves behind a team of 32 staff members whom he is confident will take the company forward. In his last address to the local media and CA staff, Kaira said the authority has handled many cases with high success rate and noted that they have presided over 100 cases that have been forwarded to the Competition Commission for adjudication. He said three cases were settled out of court. Kaira said for a fairly new organisation that translates into success.
Kaira said the authority has prevented takeover of a small security company by a large company G4S, which could have led to dominant by the latter and has resulted in citizens taking over the company to enhance citizen economic empowerment. According to CA 2014/15 Annual Report, the authority approved three mergers with conditions, two of which were in the retail sector while one merger was logistics sector. CA says it approves with conditions, when, following the assessment, it determines that a remedy, undertaking or condition can address the competition of the public interest co concerns identified.It is explained that conditions imposed or undertakings accepted can be behavioural or structural in nature. Again during the same period, CA approved without conditions 23 mergers in various sectors of the economy.
The authority says in the report that through the assessment and review of some mergers and acquisitions in 2014/15, it has facilitated the injection of over P145 million into existing businesses in Botswana. Furthermore, the authority says competition in the banking sector is expected to be enhanced following the takeover of BancABC by Atlas Mara. The contention is that Atlas Mara is expected to bring in capital injection and its international experience in banking sector in terms of diverse product offering. And it is expected that this will put BancABC at par with giants in the sector.