Competition Authority turns two
Thursday, April 18, 2013
Since inception the Authority has investigated a total of 63 cases, 33 or (52 percent) were cases of abuse of dominance which include predatory price fixing, refusal to deal and exclusive agreements while 30 cases or (48 percent) were cases of restrictive business practices which includes complaints such as bid rigging, price fixing, market allocation and other restrictive business practices. Out of all the 63 cases 17 have been closed.Investigations are still on-going in the majority of cases while three cases are on the verge of being referred to the competition tribunal for hearing.
The Authority has embarked on three key research projects in retail, poultry and cement markets. Two of these studies are a joint project with other SADC nations under the banner of the African Competition Forum.On the Mergers and Acquisitions front, the Authority has received a total of 49 merger notifications since October 2011.Out of all these mergers, 45 have been finalised and four are yet to be finalised. Of all the concluded merger cases, 22 have been approved with conditions, 19 approved without conditions, four mergers have been rejected, out of which the Authority reached a settlement agreement with the parties in two cases.
It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...