Competition Authority turns two

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The Competition Authority (CA) will today (April 18, 2013) celebrate its second year anniversary.In a statemnet released yesterday, Director of Communications and advocacy Gideon Nkala said that it was on this day, two years ago, that the founding Chief Executive Officer of the Competition Authority, Thula Kaira, reported for duty as the first and the only employee of the Authority.

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.

Editor's Comment
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