DA call to scrap Competition Act’s public interest clauses
Ebrahim Patel says the party’s approach would trigger job losses and lead to market concentration with impunity
05 May 2024 - 06:51
The DA wants the public interest provisions in South Africa’s competition law repealed, saying it is being used by the government to politicise mergers & acquisitions (M&A).
In its recently released Economic Justice Policy document, the official opposition proposes repealing parts of the Competition Act that empower the minister of trade, industry & competition to block a merger or acquisition citing public interest concerns...
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