On 14 February 2019 the President assented to the Competition Amendment Act, 18 of 2018 (Amendment Act). The Amendment Act will begin on a date to be proclaimed by the President in the Government Gazette. And this is not just another amendment act.
On 1 December 2017, the Minister for Economic Development slipped the Competition Amendment Bill, 2017 into the Government Gazette allowing 60 days for comment........Make no mistake, if passed, these changes will have an enormous impact on the way firms do business in South Africa.
On 15 September 2017, the Minister of Economic Development announced that the Competition Commission’s merger filing fees will increase on 1 October 2017 from R100 000 to R150 000 for an intermediate merger and from R350 000 to R500 000 for a large merger.
On 19 July 2017, the Supreme Court of Namibia decided that the Namibian Association of Medical Aid Funds was not an undertaking subject to the Namibian Competition Act. With the question of high medical costs under the spotlight of the South African Competition Commission's healthcare market inquiry, perhaps the issue of benchmark tariffs in the healthcare price context will be revisited.
On 22 August, the Competition Commission announced that it has struck a deal with ArcelorMittal settling all the outstanding investigations and claims against it for a whopping fine of R1.5 billion payable in R300 million annual instalments for the next 5 years.
On Thursday 7 July 2016, the Competition Commission announced that it was investigating Transnet for various abuses of dominance including excessive port prices and various exclusionary practices. The investigation is long overdue and to be welcomed.
On 29 June 2016, the Competition Tribunal confirmed a consent order agreed by the Competition Commission with Murray & Roberts and Freyssinet Posten ("Freyssinet"). Murray & Roberts and Freyssinet admitted price-fixing, market division and collusive tendering on over 60 projects and between them agreed to pay a fine of just over R4.7 million.
Hearings in the Healthcare Market Inquiry resumed in Cape Town yesterday (01 March 2016), and much was made of potential conflicts of interest facing the Board of Healthcare Funders. Today, (02 March 2016) Discovery Health is front and centre and is making its submissions to the panel.
There are many things wrong with South Africa but our Constitution remains something to be proud of. With the computer age and especially the Internet, instant communication has embarrassed governments and politicians the world over.
Toddlers and small children are really difficult to keep track of and have an unerring attraction for danger; and danger seems to be just about everywhere. From trampoline to jumping castle, jungle gym to fountain or swimming pool, all can be very dangerous for children.
On 4 November the Supreme Court of Appeal found that the Competition Commission had to live with its choice not to refer the bread price fixing complaint against Premier Foods to the Competition Tribunal for determination.
Today, 14 October 2015, the Competition Commission is carrying out dawn raids on AFROX, Oryx Oil, EasiGas and the Liquefied Petroleum Gas Safety Association of Southern Africa (LPG Association) in Gauteng and KayaGas (Pty) Ltd and Totalgaz in the Western Cape.
This is the Commission's latest foray into the retail sector in respect of which it has expressed concern about food prices for some time. The market inquiry will examine whether there are features of the grocery retail sector, which lessen, prevent or distort competition. The inquiry is initiated in terms of Chapter 4A of the Competition Act, 89 of 1998 as part of the Commission's statutory mandate to "implement measures to increase market transparency."
On 12 June 2015, the Competition Commission published its draft Terms of Reference for the Grocery Sector Market Inquiry. This is the Commission's latest foray into the retail sector in respect of which it has expressed concern about food prices for some time. The market inquiry will examine whether there are features of the grocery retail sector which lessen, prevent or distort competition.
2015 started with a key but largely unsung victory for South African Breweries ("SAB") in its ongoing battle with the Competition Commission. The Competition Appeal Court finally provided some clarity on the critical question of how the Competition authorities should deal with the vexed issue of dual distribution.
At 12:00 on 16 February 2015, the extended deadline for commenting on the Competition Commission's draft guidelines for the determination of administrative penalties for anticompetitive conduct expires.