Transcription of Our Purpose and Function - CompCom SA
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Our Purpose and Function - CompCom SA
The Competition Commission of south africa was established in terms of the Competition Act (89 of 1998), as amended (the Act). Its Purpose is to promote and maintain competition in south africa in order to: promote the efficiency, adaptability and development of the economy provide consumers with competitive prices and product choices promote employment and advance the social and economic welfare of south Africans expand opportunities for south African participation in world markets and recognise the role of foreign competition in the Republic ensure that small and medium sized enterprises have an equitable opportunity to participate in the economy promote a greater spread of ownership, in particular to increase the ownership stakes of historically disadvantaged achieve these purposes, the Commission s core functions are to: implement measures to increase market transparency implement measures to develop public awareness of the provisions of the Act investigate and evaluate alleged anti-competitive conduct grant or refuse applications for exemption from the application of the Act authorise, with or without conditions, prohibit or refer mergers of which it receives notice negotiate and conclude consent orders refer matters to the Competition Tribunal of south africa (the T)
The Competition Commission of South Africa was established in terms of the Competition Act (89 of 1998), as amended (the Act). Its purpose is to promote
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