MICHAEL AVERY: Cost of the competition watchdog’s overreach

I’m becoming a stuck record on the Competition Commission. For years I have sounded the alarm about its overreach, its heavy-handedness, and its increasingly ideological approach to mergers & acquisitions (M&A).

Now, new research from North-West University Business School’s Anton van Wyk, Raymond Parsons and Lodewalt Venter, “Policy Uncertainty, Mergers & Acquisitions in the SA Business Environment”, adds fresh urgency to this debate, confirming what many in the business community have long suspected: the commission’s actions are not merely misguided, they are actively harmful. ..

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