💨 Abstract

The Competition Commission has approved Nedbank's acquisition of iKhokha, a fintech company supporting small businesses in South Africa. The R1.64 billion deal aims to boost digital payments and financial inclusion for entrepreneurs. iKhokha will operate as a subsidiary under its own brand. The commission found no significant competition or public interest issues, expecting no negative impact on jobs or small businesses. The acquisition aligns with Nedbank's strategy to support SMEs and drive digital transformation.

Courtesy: Sikhulule Moyeni