We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Tucked away on page 51 of the Budget Review is a rather bizarre little note that could be interpreted as a heads-up to all those companies that were thinking of taking advantage of the Competition Commission’s recently announced go-slow. Just one month after the commission dramatically announced it had run short of funds and was forced to scale back on key market inquiries and investigations, the Treasury has announced it has set aside R125m for the commission "to investigate cartels and anticompetitive behaviour". This is in addition to the commission’s ordinary annual budget. But — and this is the strange part — the commission will only get the extra money in 2021. And, rather chillingly, payment will only be confirmed "after the economic development department completes its forensic investigation of previous irregularities in the commission". The FM was unable to get comment from either competition commissioner Tembinkosi Bonakele or commission spokesperson Sipho Ngwema on Wednes...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.