Competition law

Competition law Competition Act 89 of 1998

Purpose of act To promote the efficiency, adaptability and development of the economy; To provide consumers with competitive prices and product choices; To promote employment and advance the social and economic welfare of South Africans; To expand opportunities for South African participation in world markets and recognize the role of foreign competition in the Republic; To ensure that small and medium-sized enterprises have an equitable opportunity to participate in the economy; To promote a greater spread of ownership, in particular to increase the ownership stakes of historically disadvantaged persons.

Restrictive practices Any arrangement or business practice or method of trading, including the fixing of prices, which restricts competition directly or indirectly

Type of restrictive practice Restrict production or distribution Limiting production facilities Price maintenance Prevent technological improvements Prevent / restrict market

Restrictive practices Resale price maintenance Horizontal price collusion Horizontal collusion on conditions of supply Horizontal collusion on market sharing Collusive tendering

Approval of acquisitions Approve mergers and acquisitions

Monopolies Prevent monolopistic control