COMPETITION LAW
The overarching objective of the Competition Amendment Bill is to foster a “new deal for economic transformation and inclusion”, but Economic Development Minister Ebrahim Patel also notes that the proposed legislation introduces greater flexibility for collaboration by large firms. Speaking at the fourth Annual Competition and Economic Regulation Week in Johannesburg on Thursday, Patel said flexibility had been increased to allow large companies to work together in pursuit of legitimate industrial policy objectives, such as the expansion of industrial output and employment.
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