Johannesburg - South Africa's competition body on Tuesday gave online retailer Takealot a conditional nod to acquire Kalahari.com, one of Naspers' e-commerce firms, which would help form a formidable e-tailer to take on brick-and-mortar stores.
The deal proposes that Takealot's US-based parent, Tiger Global, gives up some shareholding to Naspers after combining operations of the their two respective e-commerce companies.
Last year, Takealot raised $100 million for expansion in both South Africa - where it estimated online transactions make up only about 1 percent of the R500 billion retail market - and elsewhere on the continent.
The Competition Commission asked that no more than 200 employees are laid off as a result of the merger.
In a separate deal, the competition authority blocked Life Healthcare's proposed acquisition of the independent Lowveld Hospital, saying the deal could result in patients paying higher prices.