REPUBLIC OF NAMIBIA
N$8.00 WINDHOEK - 14 July 2022 No. 7851
No. 328 Namibian Competition Commission: Notice in terms of Section 41 of the Competition Act, 2003 ......... 1
NAMIBIAN COMPETITION COMMISSION
No. 328 2022
NOTICE IN TERMS OF SECTION 41 OF THE COMPETITION ACT, 2003
The Namibian Competition Commission, in terms of Section 41 of the Competition Act, 2003
(Act No. 2 of 2003), herewith gives notice that it intends to submit to the High Court of Namibia
for confirmation as an order of the Court, a consent agreement entered into with Phoenix Assurance
Namibia Limited on 20 June 2022.
Section 40 of the Competition Act mandates the Namibian Competition Commission to enter into
settlement agreements with an undertaking or undertakings concerned, setting out the terms to be
submitted by the Commission by application to the Court for confirmation as an order of the Court.
The Consent Agreement, upon confirmation as an order of the Court, shall be in full and final
settlement of the Investigation and shall conclude the proceedings under case number 2016OCT-
0008COMP and case number.: HC-MD-CIV-ACT-OTH-2022/00404 in respect of Phoenix
Assurance Namibia Limited.
CHIEF EXECUTIVE OFFICER AND
SECRETARY TO THE COMMISSION