Competition Authority's teeth sharpened

No Image

The Competition Authority has roped in highly experienced Australian consultants to develop its guidelines and rules, an exercise that will heighten the parastatal's investigative and punitive capabilities.

The guidelines and rules detail the economic and legal analysis to be used in determining cases, the principles to be used in determining penalties or remedies and procedures the Authority will follow in carrying out its functions.The guidelines are thus at the operational core of the Authority's mandate, being the framework to be used in evaluating business conduct.

Experts have said the guidelines and rules, which are enshrined in the Authority's Act, are important in creating transparency and giving businesses a practical means of compliance.The team of two consultants will develop a draft of the guidelines and rules, which the Authority will use for a public consultation exercise before effecting the standards.Speaking to Mmegi Business last week, the consultants said the guidelines and rules to be produced would be sensitive to Botswana and local business conditions.

Editor's Comment
Women unite for progress

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...

Have a Story? Send Us a tip
arrow up