Competition law and the effects thereof have been evident from media reports, especially in the construction industry.
The Competition Act affects every business operating in South Africa, and the serious consequences of contravention necessitate a sound understanding of its basic principles and access to the best possible legal advice.
The Competition Act, prohibits anti-competitive behaviour such as price-fixing and collusion between competitors and the abuse of dominance. The Act also provides for a merger-control regime in terms of which the prior approval of the competition authorities must be obtained for certain mergers and acquisitions.
These additional requirements heighten the complexity of the competition law framework and highlight the value of legal advice that blends business and economic insight with legal expertise. The strength of the experienced Competition & Anti-Trust team is based on a complementary blend of legal and business skills, and a focus on finding practical solutions on a client’s behalf.