COMPETITION LAW: SIBERGRAMME 4/2012

Tuesday, October 16, 2012
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The role of competition law and policy in the South African economy is set out in the Preamble to the Competition Act 89 of 1998. In brief, it encompasses the promotion of a greater spread of economic ownership among South Africans, a more efficient and effective economy, consumer access to quality goods and services, the creation of an environment in which South Africans can compete more effectively both locally and abroad, and the restraint of trade practices which undermine a competitive economy. To achieve these aims, the Competition Act provides the Competition Commission with wide powers to promote and maintain competition and to investigate and prosecute prohibited trade practices.

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