Pepkor required to target N$40 million in local procurement
The merged Pepkor entity is required to use reasonable endeavours to achieve N$40 million in local procurement spending from Namibian manufacturers in the clothing, footwear and homeware sectors over three years, as part of conditions imposed by the Namibian Competition Commission (NaCC) on its acquisition of several Retailability Namibia businesses.
CHAMWE KAIRA
The merged Pepkor entity is required to use reasonable endeavours to achieve N$40 million in local procurement spending from Namibian manufacturers in the clothing, footwear and homeware sectors over three years, as part of conditions imposed by the Namibian Competition Commission (NaCC) on its acquisition of several Retailability Namibia businesses.
The local procurement commitment is among measures attached to the commission’s conditional approval of the transaction, which it said was intended to address competition concerns arising from increased concentration in Namibia’s retail market for clothing, footwear and accessories.
A key condition requires the merged entity to establish and implement a Local Supplier and SME Development Programme valued at N$4.2 million over three years.
The commission said the supplier development programme and procurement commitment are being supported through a two-day supplier development summit scheduled for 19 and 20 August in Windhoek.
