Question

Successfulness of the Competition Policy in South Africa-support your argument by means of 5 examples

Answer 1

The competition policy of South Africa has been successful in enhancing the development of economic efficiency through a dynamic market. They have been able to promote employment for the people and work through coordinated efforts of the government for the welfare of the people and the economy

Explanation:

• The Competition Act helps in providing and promoting the South African economy through various measures of socio-economic factors. The innovative and dynamic growth of the economy has given the end user a variety of choices between the commodities.
• The Competition policy has brought in efficiency through coordinated efforts to transform the marketing environment and promote development of the industries for providing employment opportunities for the people in South Africa
• Many sectors of the of the South African market involving technology advancements, efficiency in communication and the energy and commodities sectors have benefited from the policy. Many industries will benefit from the competitive policy and are now following the policy measures

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Failures of competition policy in south Africa

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