By Nomfanelo Maziya | 2025-03-13

The Eswatini Competition Commission (ECC) has reported a robust start to the 2024/25 financial year, approving mergers with a total estimated value of E4 billion to date.

According to ECC Advocacy and Communications Manager Mancoba Mabuza, this figure, while lower than the previous year's E5.8 billion, demonstrates the continued dynamism of the Eswatini market, particularly in attracting international investment.
A total of 19 mergers have been greenlit to date, comprising four international transactions and 14 domestic transactions.

The international mergers accounted for a significant E3.3 billion of the total value.
In contrast, domestic mergers were valued at E675.3 million.
A comparative look at the 2023/24 financial year reveals a higher volume of merger activity, with 28 notifications received and a total transaction value of E5.8 billion.
“International mergers in the previous year were valued at E3.9 billion, while domestic mergers reached E1.9 billion, consisting of five international transactions,” said Mabuza.

The ESCC emphasised the varying economic impact of these transactions, stating that the majority did not significantly alter market structures.
However, Mabuza reiterated its commitment to rigorous assessment, particularly for mergers with the potential to substantially lessen competition.

"Our primary mandate is to ensure fair competition within the Eswatini market. While we recognize the importance of mergers for economic growth, we must also safeguard against anti-competitive practices. If a merger poses a risk to competition, we will assess it thoroughly and, if approved, impose appropriate conditions to mitigate any potential harm," said Mabuza.

ESCC works to create a level playing field where businesses compete fairly, consumers are protected from exploitative practices and economic growth is driven by innovation and efficiency.

“The ESCC is committed to fostering a competitive business environment that supports Eswatini’s National Development Goals, ensuring that markets function effectively and contribute to the country’s broad economic and development agenda,” said Mabuza.
Guided by integrity, transparency, and efficiency, ESCC played a vital role in shaping a dynamic, inclusive and prosperous economy.

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