Transcription of the competition act
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the competition act
1the competitionact:an introductioncompetitioncommission3pagePR EFACE: THE PURPOSE OF THIS BROCHURE3 INTRODUCTION: A WORD FROM THE COMMISSIONER4 CHAPTER 1: WHAT IS THE competition ACT?5 Definitions, interpretation, purpose & application of the actCHAPTER 2: WHAT PRACTICES DOES THE ACT REGULATE?6 Prohibited practices & exemptionsCHAPTER 3: WHAT DOES THE ACT SAY ABOUT MERGERS?10 Merger controlCHAPTER 4: WHO ADMINISTERS THE ACT?14 The competition Commission, Tribunal & Appeal CourtCHAPTER 5: HOW ARE COMPLAINTS INVESTIGATED?16 Investigation and adjudication proceduresCHAPTER 6: HOW IS THE competition ACT ENFORCED?18 Remedies, enforcement & penaltiesCHAPTER 7: IS THERE ANYTHING ELSE I NEED TO KNOW?22 General provisions & contact detailsAPPENDIX A:APPLICATION OF THE ACT IN DETAIL23 APPENDIX B:ADMINISTRATIVE FINESGLOSSARY OF TECHNICAL TERMS25competitioncommissionof south africatable of ContentsrecogniseThepeople of south africa competitioncommission That apartheid and other discriminatory laws and practices of the past resulted in excessive concentrations of ownership and control within the national economy, inadequate restraints against anti-competitive trade practices, and unjust restrictions on full and free participation in the economy by all south Africans That the economy must be open to greater ownership by a greater number of south Africans That credible competition law, and effective structures to administer that law, a
The new Competition Act, which became law in 1998, has a major influence on how we do business in South Africa. The Act will make sure that the way that businesses compete with each other is as fair as possible. Consequently, it plays an impor-tant role in the Government’s economic policy.
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