Racial edicts in the form of the current empowerment regime have been presented as a non-negotiable by President Ramaphosa, writes Terence Corrigan.
The Competition Tribunal has conditionally approved the merger between SA's largest ostrich processing companies – Klein Karoo International and Mosstrich.
Minister of Economic Development Ebrahim Patel has told Parliament that definitions for various anti-competitive behaviour were replaced with guidelines to close loopholes and allow court discretion in a dispute.
The Competition Amendment Bill will allow for a tougher crackdown on offenders to competition laws, including the issuing of fines for first offences.
The proposed amendments to the Competition Act could face opposition from other parts of government and invite an onslaught of challenges from companies that find themselves subject to the powerful new market inquiry mechanism.
The long-awaited amendments to the Competition Act may lead to legislative “overkill”, according to competition commissioner Thembinkosi Bonakele.
South Africa’s Competition Tribunal has dismissed ticketing firm Computicket’s bid to set aside a 2008 anti-competitive complaint brought against it by rivals.
When she started her career, lawyer Marianne Wagener, did not expect to lead a team with exposure to the global market at a relatively young age.
With effect from May 1 2016 it will be a criminal offence in South Africa for directors or managers of a firm to collude with their competitors to fix prices.
Vodacom and MTN shares fell after one of the competition regulators ruled that the mobile-phone companies overcharge customers for data – particularly those with lower incomes.
Business Unity SA has called for investor certainty and stability as government prepares to put the Competition Amendment Bill through Parliament.
The minister of economic development says South Africa will not weaponise its competition policy to punish other countries for making trade and tariff decisions which could harm SA.
New Competition Act drastically changes the enforcement landscape and focuses on concentration of ownership.
Competition law expert Gomolemo Kekesi shares her views with Fin24 on what changes to South Africa's Competition Act, which is currently before Cabinet, could entail.
Leading figures in the competition law arena have criticised the decision to criminalise cartel conduct through an amendment to the Competition Act, which took effect in May.
Provisions in new laws that will see people found guilty of cartel conduct being fined up to R500 000 or imprisoned for up to 10 years have come into effect.
Reports in the Sunday Times of alleged price-fixing involving a fishing firm owned by Sekunjalo are part of a smear campaign, says Sekunjalo's CEO Khalid Abdulla.
Somerset WestAfrica Experience Collection (PTY) LTDR40 000.00 - R70 000.00 Per Month
MosselbaaiCalandria Labour Consultants
R 11 800 000
Apartments / Flats
R 6 250 000
R 2 995 000
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.