Discuss the competition policy
of south Africa
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South African competition law. ... In general, the Competition Act seeks to maintain and promote competition in the South African market to: Promote economic efficiency, adaptability and development. Provide consumers with competitive prices and product choices
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The competition policy of South Africa has undergone many changes and the policy after the major changes in provisions was brought into effect in 1998.
The competition policy has been out into place to promote and maintain competition in the country to promote efficiency and development.
The main aim of the policy rests on the agenda to strike a balance between the economic efficiency and socio economic development.
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