The Competition Commission is a statutory body constituted in terms of the Competition Act, No 89 of 1998 by the Government of South Africa empowered 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.
“Competition in theory leads to the dynamism, growth and innovation. Of course, here I am not just concerned about growth, but also the levels of participation by various groups. The South African economy, even at its best of times, turned to be quite exclusionary. Despite the authorities best endeavours, our economy remains highly concentrated with low levels of dynamism, persistent unemployment, inequality and poverty”