Radical changes to competition law underway

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Cape Town – South Africa’s Competition Act will undergo radical changes so that competition authorities can act against companies who perpetuate skewed ownership structures and over-consentration in certain markets in the economy.

Economic Development Minister Ebrahim Patel in his budget speech on Thursday said the proposed amendments will enable competition authorities to also act where big players in the market create barriers of entry to keep smaller players out.

READ: Zuma: Serious economic transformation can't be ignored anymore 

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