south africas anti monopolistic policy Flashcards
1
Q
how effective is south africas anti monopolistic policy
A
- Encourages economic participation: The policy has contributed to creating a market environment that encourages economic participation by all South Africans ¹.
- Promotes affordable goods and services: The enforcement of competition law has led to an increase in more affordable goods and services ¹.
- Supports small and medium-sized enterprises: The Competition Amendment Act of 2018 introduced provisions aimed at supporting small and medium-sized enterprises (SMEs) and firms owned by previously disadvantaged individuals ².
- Regular monitoring and updates: The competition policy is regularly monitored and updated to address new challenges and ensure its effectiveness ³.
- Robust enforcement: South Africa has a robust enforcement framework in place, which includes the Competition Commission and the Competition Tribunal, to investigate and prosecute anti-competitive conduct ⁴.
While there is always room for improvement, South Africa’s anti-monopolistic policy has been considered effective in promoting competition and economic inclusion.
