Competition policy and its effects on growth in South Africa

Abstract

This paper aims to critically evaluate the New Competition Act of South Africa and further suggests that this form of government policy tends to harm the economy more than the benefits it reciprocates. The first chapter provides a critical overview of the New Competition Act, Competition Act NO.89 of 1998 which was signed into law on the 20 October 1998, but would only come into force on the 1 September 1999.