Motsa Investments Acquires 100% Shares in Siteki Hotel

By Phiwa Sikhondze

The Eswatini Competition Commission has disclosed that Motsa Investments, a company owned by Moses Motsa has acquired the Siteki Hotel.

This is contained in the Commission’s Merger Decisions report for the second quarter of 2023-2024.

“Motsa Investments has acquired 100% shares in Siteki Hotel, which is held by Mbheleja, a company registered and incorporated in terms of the laws of the Eswatini. Siteki Hotel is located in Siteki town in the Lubombo Region and mainly offers world-class accommodation, conferencing, dining facilities, and other related services such as; internet café, secretarial, email & and fax services, laundry services, room service, flight, and transport arrangements. Siteki Hotel is one of the oldest hotels in Eswatini and is the only hotel located in the eastern part of Eswatini; the Lubombo region, “explains the report.

When making its decision the Commission considered the activities of the merging parties and found that there are no product overlaps in the relevant market.

“The transaction is categorized as a phase 1 merger. Post-merger, the market shares in the relevant market and market concentration will not be altered such that the structure of the market will remain unchanged. Countervailing power and barriers to entry will not be affected, therefore, the transaction is unlikely to result in the substantial lessening or prevention of competition. The Commission approved the transaction without conditions.”

Motsa Investments is a company that was established to deal in immovable property in any manner, whether by acquisition, sale, mortgage, lease hire, or development.

Moses Motsa’s other business interests include commercial properties such as Estel House in Manzini, the Shoprite building in Manzini, Carson Centre in Manzini, and the Old Bus Rank in Mbabane, among others.

The Eswatini Competition Commission is a legal body that is tasked to promote and protect fair competition in the country.

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