Minimum Resale Price Maintenance In South Africa: Rule of reason or per se prohibition?

Abstract

The field of competition law has in an unprecedented way experienced an incredibly vast geographical expansion within a short period of time and as such it is no longer the exclusive feature of developed countries only. Competition law as a body of legal rules aims at protecting the process of competition in the market. It deals with market imperfections with the desire to restore competition conditions in the market economy. Whilst specific competition law objectives may differ from jurisdiction to jurisdiction, it is settled between competition law scholars that, the general goals of competition law are to promote efficiency, adaptability and development of the economy together with the provision of consumer welfare.