As promised during his State of the Nation Address on 7 February
2019, South African President Cyril Ramaphosa has today, 13
February 2019, signed the Competition Amendment Act, 2019 (the
"Amendments") into law. The effective
date of the Amendments has not yet been announced.
On 1 December 2017, the Minister of Economic Development
announced the release of the Competition Amendment Bill for public
comment. Following widespread discussions and public comments, a
revised Competition Amendment Bill was tabled before parliament on
11 July 2018. The revised Bill was then referred to the Portfolio
Committee on Economic Development where further amendments were
introduced after public hearings. On 23 October 2018, the South
African National Assembly passed a further revised version of the
Bill. The National Counsel of Provinces passed the Bill on 4
December 2018 and it was sent to the president for assent.
