COMPETITION AUTHORITIES
DA walkout stalls debate on contentious Competition Amendment Bill
Parliament’s economic development committee has postponed its deliberations on the contentious Competition Amendment Bill after the DA walked out of Tuesday’s meeting. The bill is intended to provide, among others, for an extension of the mandate of the competition authorities and the executive to tackle high levels of economic concentration, limited transformation in the SA economy and abuse of market power by dominant firms. Aspects of the proposed legislation have been criticised by stakeholders who argue they may deter foreign investment. Committee chair Elsie Mmathulare Coleman said the DA’s walkout affected the committee’s quorum. DA MP and economic development spokesperson Michael Cardo said he decided to walk out after an "egregious display of Stalinist chairing by the committee chair, Ms Elsie Mmathulare Coleman, who tried to prevent us from posing questions to economic development minister Ebrahim Patel".
The bill, which was tabled in parliament on July 11, "is being...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.