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m_a_m_a [10]
2 years ago
12

What is the role of competition policy authorities in south Africa ​

Social Studies
1 answer:
irina [24]2 years ago
5 0

Answer:

South Africa has a developed and regulated competition regime based on best international practice.

South Africa’s economic system is predominantly based on free market principles. However, as in most developed economies, competition is controlled.

The Competition Act of 1998 fundamentally reformed the country’s competition legislation, substantially strengthening the powers of the competition authorities along the lines of the European Union, US and Canadian models.

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