BADGER
MICHAEL AVERY: Aesop’s fables and other transformation fantasies
Competition Commission now forces companies to give shares to their employees
29 May 2023 - 05:00
The Competition Commission seems to have a new hobby: forcing companies to give shares to their employees every time they want to merge or acquire another business. This is not only a blatant abuse of its powers, but also a misguided and harmful policy that injures businesses and workers in the long run.
The commission claims this policy is aimed at promoting the public interest by increasing the level of ownership by historically disadvantaged people and workers in the economy. But this is a smokescreen for its real agenda: to extract rent from companies that want to grow and compete in the market. ..
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.