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Competition Act, 2007

Country/Territory
Eswatini
Document type
Legislation
Date
2008
Source
FAO, FAOLEX
Long title
An Act to provide for the encouragement of competition in the economy by controlling anti-competitive trade practices, mergers and acquisitions, protecting consumer welfare and providing for an institutional mechanism for implementing the objectives of the Act and other matters incidental thereto.
Subject
General
Keyword
Business/industry/corporations Consumer protection Fiscal and market measures Internal trade
Geographical area
Africa, Landlocked Developing Nations, Southern Africa
Abstract

This Act is made to apply to all economic activities within the country or having effect in the country with the exception of trade practices which exercise exclusive trading privileges conferred by a government agency or law and trade practices which are associated with the licensing of participants in certain trades by agencies of the government or in accordance with authority by a law. The Act establishes the Competition Commission and grants it legal personality, provides for its composition and charge it with the authority to monitor, regulate and control acts which adversely affect competition in business within the country. Essentially, the Commission is to provide information for the guidance of consumers regarding their rights, inform business about their rights, take expedient actions to regulate the creation of mergers and address the abuse of a dominant position by an enterprise, among others. The Act outrightly prohibits anti-competitive trade practices, including agreements to fix prices, market and customer allocation agreements, collusive tendering and bid rigging, predatory pricing, discriminatory pricing, etc.

Full text
English