Competition law has developed to allow the investigation, control and evaluation of restrictive business practices, abuse of dominant positions and mergers in order to achieve equity, adaptability, development and efficiency in the South African economy.
The principle purpose of competition law is to structure the market for goods and services by the imposition of controls designed to promote competition within that market.
Currently competition law is regulated by the Competition Act 89 of 1998 (“the Act”) as amended, the Competition Commission Rules, the Competition Tribunal Rules and the Competition Appeal Court Rules.
The legislation regulates the following conduct:
- interaction between competitors (horizontal practices);
- interaction between suppliers and their customers (vertical practices);
- behaviour of firms with market power, that is dominant firms;
- pricing behaviour; and
The legislation prohibits various practices for which it imposes drastic penalties such as the imposition of fines amounting to 10% of a company’s annual turnover during its preceding financial year.
At Dingley Marshall we provide education and training to ensure compliance with all the relevant legislation, which includes:
- Education about The Act and its purpose;
- Compliance with the Act;
- Prohibited practices and ways in which the Act can be violated;
- Anti-competitive conduct and how to avoid it.
This training can be tailored to meet a specific industry.