{"id":28308,"date":"2022-08-04T20:40:58","date_gmt":"2022-08-04T20:40:58","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/cftc-approves-100-ptc-shares-acquisition"},"modified":"2022-08-04T21:02:46","modified_gmt":"2022-08-04T21:02:46","slug":"cftc-approves-100-ptc-shares-acquisition","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/cftc-approves-100-ptc-shares-acquisition","title":{"rendered":"CFTC approves 100% PTC shares acquisition"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>The Competition and Fair Trading Commission (CFTC) has authorised the proposed acquisition of 100 percent shares in People\u2019s Trading Centre (PTC) from Press Corporation plc by Tafika Holdings Limited.<\/p>\n

CFTC acting Executive Director Apoche Itimu disclosed this yesterday during a press conference in Lilongwe where the commission disclosed that on July 1, 2022 it adjudicated over 74 cases of which 60 were on unfair trading practices, two on mergers and 12 on anti-competitive business practices. The two mergers involved the acquisition of PTC from Press Corporation PLC by Tafika Holdings Limited on competition in Malawi Retail Industry.<\/p>\n

CFTC received an application for authorisation of the proposed acquisition detailing that Tafika Holdings Ltd, is a South African based company with business operations in soft commodities trading and distribution. The company, according to the information, supplies products such as macadamia nuts, maize, soya, beans, rice, pepper, cotton and tea.<\/p>\n

On the other hand, PTC is a public company incorporated in Malawi and listed on the Malawi Stock Exchange and the largest holding company. \u201cAccording to the information gathered during the investigations, the transaction will not result in a change of market structure by reducing the number of players on the market. Further it was established that the transaction will not create a dominant player nor will it create a vigorous player,\u201d Itimu said.<\/p>\n

At yesterday\u2019s press conference, CFTC also authorised the acquisition of Stock and Rolling Assets from Lonagro Malawi Limited by Tata Zambia Limited in Malawi\u2019s Agriculture and Construction Equipment Industry.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. The Competition and Fair Trading Commission (CFTC) has authorised the proposed acquisition of 100 percent shares in People\u2019s Trading Centre (PTC) from Press Corporation plc by Tafika Holdings Limited. CFTC acting Executive Director Apoche Itimu disclosed this yesterday during a press conference in Lilongwe where the commission disclosed that on July 1, […]<\/p>\n","protected":false},"author":84,"featured_media":28307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,371,1335,234,4976,4261],"class_list":["post-28308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-malawi","tag-competition-and-fair-trading-commission","tag-malawi","tag-ptc","tag-tafika-holdings-limited"],"yoast_head":"\nCFTC approves 100% PTC shares acquisition - Malawi<\/title>\n<meta name=\"description\" content=\"The Competition and Fair Trading Commission (CFTC) has authorised the proposed acquisition of 100 percent shares in Peop ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/cftc-approves-100-ptc-shares-acquisition\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CFTC approves 100% PTC shares acquisition\" \/>\n<meta property=\"og:description\" content=\"The Competition and Fair Trading Commission (CFTC) has authorised the proposed acquisition of 100 percent shares in Peop ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/cftc-approves-100-ptc-shares-acquisition\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-04T20:40:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-04T21:02:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/08\/postQueueImg_14-62ec33ca5d623.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"734\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/cftc-approves-100-ptc-shares-acquisition#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/cftc-approves-100-ptc-shares-acquisition\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"CFTC approves 100% PTC shares acquisition\",\"datePublished\":\"2022-08-04T20:40:58+00:00\",\"dateModified\":\"2022-08-04T21:02:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/cftc-approves-100-ptc-shares-acquisition\"},\"wordCount\":264,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/cftc-approves-100-ptc-shares-acquisition#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/08\/postQueueImg_14-62ec33ca5d623.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Competition and Fair Trading Commission\",\"Malawi\",\"PTC\",\"Tafika Holdings Limited\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/cftc-approves-100-ptc-shares-acquisition#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/cftc-approves-100-ptc-shares-acquisition\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/cftc-approves-100-ptc-shares-acquisition\",\"name\":\"CFTC approves 100% PTC shares acquisition - 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