The Namibia Competition Commission (NaCC) has fined several Chinese companies in the cement industry N$5 million for merging without notification to the relevant authorities. According to the NaCC, the companies merged without its approval. The decision to mete out the fine comes after the High Court ruled in favour of NaCC on Monday. The companies are Fan Qingmei, Wang Zhonkge, Hong Xiang Holdings and Whale Rock Cement which owns Cheetah Cement.
Report: Martin Endjala.
