COMPETITION LAW: SIBERGRAMME 3/2012

Tuesday, October 16, 2012
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The Competition Act 89 of 1998 ("the Act") is unique in that it is the product of South Africa`s economic, social and political history. As such, it provides for a broad range of economic and developmental objectives and creates the framework for an independent investigatory body (the Competition Commission ("Commission")) and adjudicatory body (the Competition Tribunal ("Tribunal")) to give effect to the provisions of the Act and its objectives. In the fourteen years since the Act was promulgated, the Commission and Tribunal have considered numerous mergers and investigated and brought an end to a number of South African cartels and anti-competitive practices that were flourishing in the economic climate prior to the Act.

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