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1998
> The Competition Act 89 of 1998
The Competition Act 89 of 1998
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No. No.1392 of 1998
Legislated: 30 October 1998
Department of Trade and Industry (National)
(The Government of South Africa)
The Competition Act 89 of 1998
The purpose of
this Act
is to promote and maintain competition in the Republic by:
The promotion of the efficiency, adaptability and development of the economy.
Providing consumers with competitive prices and product choices.
The promotion of employment and the advancement of the social and economic welfare of South Africans.
The expansion of opportunities for South African participation in world markets and recognizing the role of foreign competition in the Republic.
Ensuring that small and medium-sized enterprises have an equitable opportunity to participate in the economy.
The promotion of a greater spread of ownership, in particular to increase the ownership stakes of historically disadvantaged persons.
The content on this page was last updated on 23 August 2013