What is the aim of competition policy in South Africa?
The Competition Act states that its purpose includes promoting competition in order to promote a greater spread of ownership in the economy, in particular, to increase the ownership stakes of historically disadvantaged persons.
This purpose aligns with the right of equality contained in South Africa's Constitution..
What is the competition law in South Africa?
The Competition Act 89 of 1998 intends: to provide for the establishment of a Competition Commission responsible for the investigation, control and evaluation of restrictive practices, abuse of dominant position, and mergers; and..
What is unfair competition in South Africa?
The law of unlawful competition (or unfair. competition, as it is sometimes called) seeks to ensure that competition in business remains within fair and reasonable bounds and that no trader benefits at the expense of his rivals through the use of improper business methods..
Where is the Competition Commission in South Africa?
Department of Trade, Industry and Competition (the dtic).
Why is competition law important in South Africa?
Competition law is important in South Africa for several reasons.
Firstly, it promotes economic growth by encouraging competition, which leads to more efficient markets, lower prices, more choice, and better quality products and services..
- Overall, the act has been successful in achieving its goals.
There have been a number of high-profile cases in which companies have been fined for engaging in anti-competitive behavior, including price fixing and collusion.
