New laws against abuse of big buying power could bring new Capitecs
Amendments to Competition Act should help temper the big players' tendency to undercut small players
In his 2020 state of the nation address, President Cyril Ramaphosa highlighted a number of government strategies geared towards improving SA’s economic trajectory. Among these were plans to restore Eskom’s operational capabilities, remove bureaucratic hindrances hampering business start-ups, invest in commuter rail and other essential infrastructure, and support the tourism industry through improved security.
As expected, inclusive economic growth was placed at the top of the government’s agenda, with the president noting that far-reaching economic reforms, including those set out in the economic policy paper released by the Treasury in August 2019, would be forthcoming...
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