The proposed Competition Amendment Bill will transform South Africa’s competition authorities into instruments for black economic empowerment (BEE), argues business lobby AfriBusiness. CEO Piet le Roux said the Amendment Bill was “explicitly crafted with transformation in mind. It significantly expands the scope of competition regulation, which is regrettable enough. “But, more importantly, it vastly expands the ability of competition authorities to regulate prices, mergers and other market …
Source: www.engineeringnews.co.za
AfriBusiness believes new competition legislation will harm large businesses
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