Ebrahim Patel wants competition watchdogs to shape a more inclusive economy for SA
Economic Development Minister Ebrahim Patel has stepped up his efforts to use competition policy to address concentration and lack of transformation in SA’s economy, appointing an advisory panel to draft legislative changes that would give the competition authorities the tools to look at these issues proactively. Patel said on Thursday that SA faced growing challenges with economic concentration and social exclusion, and it was time to come up with practical and workable measures to address the high levels of concentration in the economy. There was a political constituency for this. It was better to do this using the trusted institutions of the competition authorities than by regulating sectors irrespective of the economic consequences, he said.
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