South Africa’s Competition Tribunal has approved the sale of Jet Stores to The Foschini Group, subject to conditions, despite competitor concerns that the merger would give TFG a dominant position. Fin24 reports that TFG may now acquire Jet Stores, provided that it will not retrench employees as a result of the merger for a period of two years from the implementation date of the merger, the Tribunal said in a statement issued on Wednesday evening. TFG should also give preference to employees of Edcon, the retail group of which Jet stores is part, for any vacancies that arise in the Jet business for a period of three years from the merger implementation date.