Mail & Guardian
Mail & Guardian

Competition Amendment Bill

latest news & developments
The acceptance of the Bill was put to a vote, which led to 83 votes no, 194 votes yes and no abstentions. The Bill will be sent to the National Council of Provinces for concurrence (David Harrison/M&G)
COMPETITION ACT

Competition Amendment Bill passed: What this means for your business

The Bill seeks to close loopholes in the current Competition Act, and define contraventions and uncompetitive conduct by companies more explicitly

  • Khulekani Magubane
3 min read
“With respect to reference to litigation, this means that the IDC has instituted legal action to recover the R37.5-million as well as the R250-million in accrued interest,” says Patel. (David Harrison/M&G)
COMPETITION AMENDMENT BILL

No more yellow cards for cartels

First-time offenders will be penalised and in some cases the holding companies will also be targeted

  • Tebogo Tshwane
5 min read
On the eve of the DA’s federal congress being held in Tshwane
COMPETITION ACT

Bill raises fears for industrialists

Amendments will be challenged if they curtail the state’s ability to promote local manufacturing

  • Lynley Donnelly
3 min read
Minister Ebrahim Patel says that the highly concentrated economy is part of apartheid’s legacy.
ANC54

Patel: Deconcentrate markets to give black entrepreneurs more opportunities

‘​The draft Competition Amendment Bill is one of the ways government seeks to bolster economic inclusion by allowing more players in the market’

  • Thulebona Mhlanga
2 min read
COMPETITION AMENDMENT BILL

Busting cartels threatened by new Bill

Commentators say information may not be volunteered as readily if the consequence is jail time for directors providing it.

  • Staff Reporter
6 min read