In the name of public interest, the Competition Commission has made a decision that will, in all likelihood, repel foreign investment, reduce the attractiveness of listing on the JSE and force empowerment firms to earn less from their assets.
The watchdog used the new Competition Amendment Act — signed into law in February 2019, which makes it easier to use public interest concerns such as increasing black ownership — to stop the sale of the Burger King SA franchise to a US private equity firm. ..
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