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10 November 2020

Namibia Government Gazette dated 2020-11-10 number 7381

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                     GOVERNMENT GAZETTE
                                                                    OF THE

                         REPUBLIC OF NAMIBIA
N$6.00                                         WINDHOEK - 10 November 2020                                                                        No. 7381

                                                                   CONTENTS
                                                                                                                                                          Page
GENERAL NOTICE

No. 462     Namibia Competition Commission: Notice of Decision of Commission regarding Exemption:
            Payments Association Namibia ..............................................................................................................    1
                                                             ________________


                                                        General Notice
                                    NAMIBIAN COMPETITION COMMISSION

No. 462                                                                                                                                                   2020

             NOTICE OF DECISION OF COMMISSION REGARDING EXEMPTION:
                        PAYMENTS ASSOCIATION OF NAMIBIA
                            CASE NO: 2019AUG0003EXEMP

                                          Competition Act, 2003 (Act No. 2 of 2003)
                                                  (Section 28, Rule 21(5))

1.        The Payments Association of Namibia and Bank of Namibia as well as various banking
          institutions, namely, Banco Atlantico, Bank BiC Namibia Limited, First National Bank
          Namibia Limited, Letshego Bank Namibia Limited, Nampost Savings Bank, Nedbank
          Namibia Limited, Standard Bank Namibia Limited, and TrustCo Bank Namibia Limited
          (hereinafter jointly referred to as the “Applicants”) applied to the Namibian Competition
          Commission (“the Commission”) on 28 August 2019 for an exemption in respect of certain
          restrictive practices, as contemplated in section 27(1) of the Competition Act, 2003 (Act No.
          2 of 2003) (“the Competition Act”) for:

                    a single agreement                                                 ✗         a category of agreements

                    a decision                                                         ✗         a category of decisions

                    a concerted practice                                                         a category of concerted practices,

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