1. Competition law

2. Competition law
Competition Act 89 of 1998

3. 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.

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

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

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

7. Approval of acquisitions
Approve mergers and acquisitions

8. Monopolies
Prevent monolopistic control