Advantages of the competition policy in south Africa
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Explanation:
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.
The Act provides for various prohibitions on anti-competitive conduct, restrictive practices (such as price fixing, predatory pricing and collusive tendering) and “abuses” by “dominant” firms (firms with a market share of 35% or more).
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