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Competition Act.

Country/Territory
South Africa
Document type
Legislation
Date
1998 (2000)
Source
FAO, FAOLEX
Long title
An Act to provide for the establishment of a Competition Commission responsible for the investigation, control and evaluation of restrictive practices, abuse of dominant position, and mergers; and for the establishment of a Competition Tribunal responsible to adjudicate such matters; and for the establishment of a Competition Appeal Court; and for related matters.
Subject
General
Keyword
Business/industry/corporations Consumer protection Internal trade Court/tribunal
Geographical area
Africa, South Atlantic, Southern Africa
Abstract

This Act provides rules for the internal market of South Africa and seeks to establish a system of fair competition. It established the Competition Commission, the Competition Tribunal and the Competition Appeal Court. The Act seeks to promote and maintain competition in South Africa in order – (a) to promote the efficiency, adaptability and development of the economy; (b) to provide consumers with competitive prices and product choices; 14 (c) to promote employment and advance the social and economic welfare of South Africans; (d) to expand opportunities for South African participation in world markets and recognise the role of foreign competition in the Republic; (e) to ensure that small and medium-sized enterprises have an equitable opportunity to participate in the economy; and (f) to promote a greater spread of ownership, in particular to increase the ownership stakes of historically disadvantaged persons.

Full text
English
Website
www.compcom.co.za

References - Legislation

Implemented by

Competition Act: Regulations related to COVID-19 (G.N. Notice R 350 of 2020).

Legislation | South Africa | 2020

Keyword: Hazards, Food security, Internal trade, Vending, Offences/penalties

Source: FAO, FAOLEX

Competition Act: Regulations: Coronavirus COVID-19 excessing pricing complaint referrals (G.N. No. R. 448 of 2020).

Legislation | South Africa | 2020

Keyword: Hazards, Food security, Internal trade, Vending, Legal proceedings/administrative proceedings, Offences/penalties

Source: FAO, FAOLEX