Competition commission what is

The Commission must play a role in ensuring a vibrant economy and economic growth to attain the vision of the NDP and contribute to the attainment of its operational plan, the New Growth Path NGP. At the same time these efficiency objectives have to be balanced with the public interest, broadly understood. The purpose of the Act is to promote and maintain competition in South Africa 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 country; ensure that small and medium-sized enterprises have an equitable opportunity to participate in the economy; and promote a greater spread of ownership, in particular to increase the ownership stakes of historically disadvantaged persons.

Our Cases. Cookies on GOV. UK We use some essential cookies to make this website work. Accept additional cookies Reject additional cookies View cookies. Hide this message. Home Organisations. Competition Commission has closed. Use services and information now provided by other organisations Anti-competitive behaviour and issues with market sectors You can: tell the Competition and Markets Authority CMA about: anti-competitive practices eg price fixing and bid rigging a market not working well unfair terms in a contract any issues related to poor competition find out how to avoid and report anti-competitive behaviour find out how to avoid unfair terms in sales contracts.

News and communications Office of Fair Trading and Competition Commission: final annual reports published 25 June News story Aspirations and expectations for the Competition and Markets Authority 15 November Speech See all news and communications.

Of course, here I am not just concerned about growth, but also the levels of participation by various groups. The South African economy, even at its best of times, turned to be quite exclusionary. Commission on the News. Tembinkosi is speaking about the signing of a consent agreement between the Commission and Pick n Pay retailers to eliminate exclusive leases in shopping malls Listen to Competition Commissioner, Tembinkosi Bonakele on Radio.

Listen to Competition Commissioner, Tembinkosi Bonakele on Classic Business channel Competition Commission addresses exclusionary conveyancing practices in the banking industry Competition Commission releases report on the food price monitoring. Essential Food Pricing Monitoring Report Competition Tribunal finds Dischem guilty of inflating mask prices during covid disaster Competition Tribunal confirms order against Caprichem for price gouging.

Commission in the News. Our Purpose. Competition Law. Promoting Voluntary Compliance. Corporate Governance. Our Success Stories. Number of Cases received from the Public.