State and merger regulation in South Africa : law and practise
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2012
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Abstract
The “public interest” is a worldwide phenomenon of competition regulation. However, very few countries, including South Africa, have explicit provisions for this, and no merger has ever been prohibited on the grounds of public interest. The presentation focuses on the case study of the entrance of Wal-Mart into South Africa’s economy (where a merger with four supermarkets marked its debut), along with the case of the Durban Airport bids. Where public inquiries are concerned, clear procedures, such as investment policy/law and regulation of public interest in a transparent way could begin addressing uncertainties while safeguarding the independence of authorities.
Description
Meeting: 2012 Pre-ICN Forum on Competition and Development : The State as a Market Player or a Market-Power Broker?, April 17 2012, Rio de Janeiro, Brazil
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STATE-RELATED FIRMS, ECONOMIC OPPORTUNITIES, PUBLIC OWNERSHIP, PUBLIC SECTOR, PRIVATE SECTOR, COMPETITION LAW, ADVOCACY, SOUTH AFRICA, ACCOUNTABILITY, CORRUPTION, MONOPOLIES, ANTITRUST LAW, SOUTH OF SAHARA, TRANSNATIONAL CORPORATIONS