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RAY Alexander Elizabeth Mafikeng
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Press Room  |  Press Statements

Last updated: 21 August 2018

Anticompetitive Conduct Warrants Criminalization

21 August 2018

The Food and Allied Workers' Union (FAWU) welcomes the strengthening of the current Competition Act as amended with proposed further amendments that will make it criminal to engage in some of the anti-competitive conduct.

We believe, if approved by relevant bodies in parliament and in both the National Assembly and the National Council of Provinces (NCOP), the amended legislation will go a long way in giving Competition Authorities some "teeth to bite" when enforcing this law against abuse of dominance, price collusion, excessive pricing and exclusionary practices by players in the economy.

FAWU will monitor the process and even make submissions in support of the newly-proposed amendments and propose either revision to weaker provisions or call on stronger provisions where applicable.

It is about time that Competition Authorities zoom into practices of excessive pricing, abuse of dominance and dismantling monopoly structures, if there are no basis for "national champion or failing firm" arguments, beyond preventing them though declining mergers and/or acquisitions in the economy.

For more information, please call General Secretary Katishi Masemola on 082 467 2509

Released by FAWU Media Liaison Officer, Dominique Martin – 082 498 5631

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