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Competition Commission (South Africa)
The Competition Commission (CompCom) is a South African government agency and the country's anti-trust regulator. It has the power to block mergers and other transactions that would reduce competition. History In 2021, it blocked a proposed acquisition of Burger King South Africa over a lack of Black ownership. References External links See also Competition Tribunal (South Africa) The Competition Tribunal (CompTrib) is a court of first instance concerning competition-related matters in South Africa. It is an independent adjudicative body with cross-disciplinary expertise in law and economics. Its function is to hear and ... Government agencies of South Africa Competition regulators {{SouthAfrica-gov-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Competition Tribunal (South Africa)
The Competition Tribunal (CompTrib) is a court of first instance concerning competition-related matters in South Africa. It is an independent adjudicative body with cross-disciplinary expertise in law and economics. Its function is to hear and decide competition cases. Whereas the Competition Commission is the investigative and enforcement authority, the Tribunal adjudicates on matters referred to it by the Commission. Appeals or reviews against the Tribunal are heard by the Competition Appeal Court. Competition Tribunal members, on recommendation by the Minister of Trade, Industry and Competition, are appointed by the President of South Africa. History The Competition Tribunal was established with the passing of the Competition Act (No. 89 of 1998) along with two other statutory bodies, the Competition Commission and the Competition Appeal Court. Mandate The Competition Tribunal is established in terms of the Competition Act and has jurisdiction in the Republic of Sout ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anti-trust
Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust law (or just antitrust), anti-monopoly law, and trade practices law. The history of competition law reaches back to the Roman Empire. The business practices of market traders, guilds and governments have always been subject to scrutiny, and sometimes severe sanctions. Since the 20th century, competition law has become global. The two largest and most influential systems of competition regulation are United States antitrust law and European Union competition law. National and regional competition authorities across the world have formed international support and enforcement networks. Modern competition law has historically evolved on a national level to promote and maintain fair competition in markets principally within the territorial boun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
