A ground-breaking recommendation by the Competition Commission to the Competition Tribunal to prohibit the proposed sale by Grand Parade Investments Limited of its investment in Burger King SA to a US private equity firm could have far-reaching a far-reaching impact onr the future of M&A transactions in South Africa, say Robert Wilson and Shawn van der Meulen. On 1 June 2021, the Competition Commission recommended that the transaction whereby ECP Africa, a private equity fund, proposed to acquire Burger King South Africa and Grand Foods Meat Plant from GPI be prohibited. The Commission found that the merger would significantly reduce the shareholding of historically disadvantaged