{"id":32612,"date":"2022-06-22T18:42:39","date_gmt":"2022-06-22T18:42:39","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/coca-cola-retrenchments-breached-merger-conditions-watchdog-rules"},"modified":"2022-06-22T19:14:13","modified_gmt":"2022-06-22T19:14:13","slug":"coca-cola-retrenchments-breached-merger-conditions-watchdog-rules","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/coca-cola-retrenchments-breached-merger-conditions-watchdog-rules","title":{"rendered":"Coca-Cola retrenchments breached merger conditions, watchdog rules"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>The Competition Appeal Court has ruled that there was a breach of merger conditions when Coca-Cola Beverages SA retrenched 368 bargaining unit employees in 2019.<\/p>\n

The ruling, which relates to two mergers involving Coca-Cola, could result in merger approval being revoked – or in an administrative penalty or an order of divestiture if the firm and the Competition Commission cannot agree on a plan to remedy the breach.<\/p>\n

The two mergers included conditions intended to protect employees who were members of the bargaining unit from retrenchment as a result of the mergers.<\/p>\n

The first merger, between SABMiller, the Coca-Cola Company and Gutsche Family Investment, was approved by the Competition Tribunal in 2016, resulting in the formation of Africa\u2019s largest bottling operations, Coca-Cola Beverages Africa (CCBA). The next merger transaction took place a just over a year later in 2017, when Coca-Cola acquired SABMiller\u2019s CCBA stake.<\/p>\n

In 2019, the beverage maker\u2019s local subsidiary, Coca-Cola Beverages South Africa, retrenched the 368 employees in the bargaining unit.<\/p>\n

The Competition Commission then issued a Notice of Apparent Breach, which was set aside by the Competition Tribunal last year on the grounds that it believed CCBA had complied with the conditions of the merger.<\/p>\n

The CCBA had argued that the retrenchment process was necessary at the time due to macroeconomic challenges, the government\u2019s implementation of the sugar tax and raw material price increases.<\/p>\n

The tribunal made its decision after weighing up CCBA\u2019s reasons for the retrenchments, concluding that they didn\u2019t constitute a merger breach.<\/p>\n

The commission then approached the appeal court, which last week upheld the commission\u2019s appeal that CCBA had breached merger conditions. It also granted a cost order against CCBA.<\/p>\n

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

Africa-Press – South-Africa. The Competition Appeal Court has ruled that there was a breach of merger conditions when Coca-Cola Beverages SA retrenched 368 bargaining unit employees in 2019. The ruling, which relates to two mergers involving Coca-Cola, could result in merger approval being revoked – or in an administrative penalty or an order of divestiture […]<\/p>\n","protected":false},"author":84,"featured_media":32611,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,315,1479,2479,2478,275],"class_list":["post-32612","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-south-africa","tag-coca-cola","tag-competition-regulation","tag-merger","tag-south-africa-2"],"yoast_head":"\nCoca-Cola retrenchments breached merger conditions, watchdog rules - South Africa<\/title>\n<meta name=\"description\" content=\"The Competition Appeal Court has ruled that there was a breach of merger conditions when Coca-Cola Beverages SA retrench ...\" \/>\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\/south-africa\/all-news\/coca-cola-retrenchments-breached-merger-conditions-watchdog-rules\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coca-Cola retrenchments breached merger conditions, watchdog rules\" \/>\n<meta property=\"og:description\" content=\"The Competition Appeal Court has ruled that there was a breach of merger conditions when Coca-Cola Beverages SA retrench ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/coca-cola-retrenchments-breached-merger-conditions-watchdog-rules\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-22T18:42:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-22T19:14:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/06\/postQueueImg_5-62b369ed6a524.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\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\/south-africa\/all-news\/coca-cola-retrenchments-breached-merger-conditions-watchdog-rules#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/coca-cola-retrenchments-breached-merger-conditions-watchdog-rules\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Coca-Cola retrenchments breached merger conditions, watchdog rules\",\"datePublished\":\"2022-06-22T18:42:39+00:00\",\"dateModified\":\"2022-06-22T19:14:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/coca-cola-retrenchments-breached-merger-conditions-watchdog-rules\"},\"wordCount\":297,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/coca-cola-retrenchments-breached-merger-conditions-watchdog-rules#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/06\/postQueueImg_5-62b369ed6a524.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"coca-cola\",\"competition regulation\",\"merger\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/coca-cola-retrenchments-breached-merger-conditions-watchdog-rules#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/coca-cola-retrenchments-breached-merger-conditions-watchdog-rules\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/coca-cola-retrenchments-breached-merger-conditions-watchdog-rules\",\"name\":\"Coca-Cola retrenchments breached merger conditions, watchdog rules - 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