The deal had been closely watched as investors tried to gauge authorities’ attitudes to foreign direct investment 🔒
The Competition Tribunal has given the sale of the SA franchise of Burger King by Grand Parade the go-ahead, with conditions, allowing foreign investment worth about R470m to flow into SA.
The tribunal’s website says the deal was approved on Friday, but does not specify what conditions were put in place. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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