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Economic Development
Competition Commission on its 2017/18 Annual Report
10 Oct 2018
Annual Reports 2017/18
The Commission briefed the Committee on its 2017/18 annual report which outlined its cases, market inquiries, challenges, financial constraints, lack of capacity, exorbitant legal fees, lack of expertise, and the controversial unqualified audit opinion with material findings on irregular expenditure.
The Commission reported categorically that the lack ...
Economic Development
Competition Tribunal & ITAC 2017/18 Annual Reports; with AGSA input
9 Oct 2018
The Competition Tribunal told the Committee the decrease in its efficiency was mainly due to the increase in the investigation periods. There had been an increase in the number of extensions and delays that it could not do anything about. The increase in its case load, the ...
Economic Development
Competition Amendment Bill: deliberations
19 Sep 2018
The Committee continued its clause-by-clause deliberations on the Competition Amendment Bill, taking into account the Minister’s responses to matters raised by the Committee as contained in a report from the Economic Development Department. Highlights of the deliberations were as follows:
Clause 23 seeks to amend section 43B of the Act. ...
Economic Development
Competition Amendment Bill: deliberations
18 Sep 2018
The Committee continued its deliberations on the Competition Amendment Bill [B23-2018] and started the clause-by-clause reading of the bill, in conjunction with, and with reference to, the Minister’s responses to matters raised by the Committee as contained in a report from the Economic Development Department.
On clause 1, which amended ...
Economic Development
Competition Amendment Bill B23-2018: Ministry response to submissions
11 Sep 2018
The Minister of Economic Development responded to the matters raised during the public hearings on the Competition Amendment Bill. The Bill aims to ensure economic transformation inclusivity by opening the door to small and medium enterprises and black Africans to participate meaningfully in the country’s economic activities thereby enlarging the ...
Economic Development
Competition Amendment Bill: deliberations
5 Sep 2018
The Portfolio Committee on Economic Development met to discuss all sections of the Competition Amendment Bill, 2018. As this was a very technical Bill, the Members agreed to refer what seemed unclear to them to the Minister for a response. Guidelines were a contentious issue, with the state law adviser ...
Economic Development
Competition Amendment Bill [B23-2018]: deliberations
4 Sep 2018
The Portfolio Committee on Economic Development held a sitting after the completion of the public hearings phase on the Competition Amendment Bill. The objective of the meeting was to obtain feelers from Committee Members on their personal experiences and what other suggestions they might proffer.
Most Members felt that the ...
Economic Development
Competition Amendment Bill: public hearings day 2
29 Aug 2018
The Portfolio Committee on Economic Development received briefings from various stakeholders on the second day of public hearings on the Competition Amendment Bill, which had officially been introduced to the National Assembly last month. Its primary objective was to address the structural challenges that were considered by the Minister of ...
Economic Development
Competition Amendment Bill: public hearings day 1
28 Aug 2018
On the first of two days of public hearings, the Committee was briefed by nine entities, including organised business, trade unions, manufacturers, retailers and legal representatives, on their opinions of the proposed amendments to the Competition Act.
The Law Society of South Africa supported the objectives of the Bill to ...
Economic Development
SAB Miller & Anheuser-Busch InBev merger conditions
13 Jun 2018
This meeting was convened by the Portfolio Committee on Economic Development so that it could be kept abreast of the developments that had happened since the merger of SABMiller and AB InBev. There was an agreement between the government and AB InBev in which certain conditions were set and upon ...