South Africa’s Competition Commission has approved the proposed acquisition of insurance brokerage company Mpumalanga Risk Acceptances (MRA) by Jacana Capital.

Jacana is ultimately controlled by Nhlanganiso Mkwanazi and Ernest January, who are both involved in private equity investments, including in the short-term insurance broking sector.

MRA is a short-term brokerage firm focused on serving SMMEs and individuals in the agricultural and hospitality sectors in South Africa...