The higher threshold required to be determined in terms of section 11 of the Act is reached in respect of a merger if the value of that merger equals or exceeds both of the values set out in sub-items (1) and (2):
| (a) | the combined annual turnover in, into or from the Republic of the acquiring firms and the transferred firms is valued at or above R6,6 billion: |
| (b) | the combined assets in the Republic of the acquiring firms and the transferred firms are valued at or above R6,6 billion; |
| (c) | the annual turnover in, into or from the Republic of the acquiring firms plus the assets in the Republic of the transferred firms are at or above R6,6 billion; or |
| (d) | the annual turnover in, into or from the Republic of the transferred firms plus the assets in the Republic of the acquiring firms are at or above R6,6 billion. |
| (a) | the annual turnover in, into or from the Republic, of the transferred firms is valued at or above R190 million; or |
| (b) | the asset value of the transferred firm is valued at or above R190 million. |
[Section 3 substituted by Notice No. 1003, GG 41124, dated 15 September 2017 - effective 1 October 2017]
