Question

Successfulness of the competition policy undo the wrong of the past and make South Africa a better place

Answer 1

Answer:

The Competition Act was implemented in South Africa to maintain and promote competition in the South African market to promote economic efficiency, adaptability, and development. ... It is a structure which regulates the markets and monopolies in the country. It generally aims in preventing monopoly growth.

The Commission is empowered by the Competition Act to investigate, control and evaluate restrictive business practices, abuse of dominant positions and mergers in order to achieve equity and efficiency in the South African economy.