If we are serious about growing the economy and creating jobs, we need to support these young people – even though they don't seem to expect any help or handouts, writes Melanie Verwoerd.
Showers late. Morning clouds. Mild.
The Health Market Inquiry on Monday released its final findings on a probe that took five years to complete. Fin24 unpacks some of the recommendations of the inquiry to improve competition in the sector.
The private healthcare sector is neither efficient nor sufficiently competitive, with only a few dominant players, an inquiry has found.
Auditor General Kimi Makwetu has said the commission not only incurred millions in irregular expenditure but also exceeded its approved budget.
The Competition Commission has told Parliament its financial resources are so strained that it will have to revise its targets for cartel investigations downward.
The “pretrial skirmishes” that are stalling the Competition Commission’s case of forex rigging against banks are starting to irk the watchdog.
There should be a clear competition policy on SOEs which addresses transparency in pricing, cross-subsidisation and bailouts, says Competition Commission head Tembinkosi Bonakele.
The Competition Commission announced it will investigate excessive pricing of cancer medication.
The banks charged with colluding in the trading of the rand have hit back at the Competition Commission, saying the allegations are “vague and embarrassing” with not enough detail being given for them to prepare a defence or decide how to plead.
Competition law and cracking cartels is in commissioner Tembinkosi Bonakele’s blood.
The Health Market Inquiry relied on outdated data to draw conclusions that the private healthcare market is concentrated, it said.
Over the past year, the Competition Commission saw a "spate" of unsolved crimes, including executives being robbed at gun point and a security breach at the commission's premises.
The international competition community has chosen the Competition Commission as the Agency of the Year in the Asia-Pacific, Middle East & Africa region for its work on the foreign exchange cartel case.
The Competition Commission has announced it would be dropping its investigation against Aspen over excessive pricing for cancer medicines as it could not be substantiated.
Competition policy should clamp down on market dominance to open up the economy and release its growth potential, says Deputy President Cyril Ramaphosa.
There has been a sharp increase in the number of cartel investigations and prosecutions over the past few years, says Competition Commissioner Tembinkosi Bonakele.
The domination of big players in the liquefied petroleum gas sector and unregulated prices keep out small players and lead to market abuse, says the Competition Commission.
SA's economy has been on a low-growth trajectory for a long time and news of the credit downgrade was not unexpected, says Competition Commissioner Tembinkosi Bonakele.
Although the rand is one of the most traded currencies in the world, there is no evidence yet that banks' collusive practices influenced its value, says the Competition Commissioner.
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