• “Intermediate” merger:  combined asset and/or turnover value of R560m (up from R200m) and/or target business turnover of R80m (up from R30m)

• “Large” merger:  combined asset and/or turnover value of R6.6bn (up from R3.5bn) and/or target business turnover of R190m (up from R100m)

(Note that “small” mergers – those under the “intermediate” threshold – can be voluntarily notified but this is not compulsory.   The Commission has 6 months from such a “small” merger to intervene if it considers it necessary.)