South Africa Plans M&A Rule Changes That Could Ease Red Tape

South Africa plans changes to antitrust rules on reporting mergers that could ease the cost of doing business for some firms.

The Department of Trade Industry and Competition proposes raising the lower threshold — or the minimum size at which mergers need to be reported to antitrust authorities — to 1 billion rand ($62 million) of combined annual turnover or assets from 600 million rand currently, it said in draft rules published for comment Tuesday.