How Will The Competition Act's Prohibitions Against Restrictive Vertical And Horizontal Practices Affect South African Business?
29th November 1999
Life for South African business has changed dramatically since the advent of democracy in April 1994. Liberalisation of trade policy and capital account regulation have meant that, for the first time in nearly forty years, South African business has had to compete in the real market place, not simply domestically, but internationally. South Africans accession to the Marrakech agreement in 1994 has meant that tariff protection has been reduced on average by one-third over the past five years and still continues to decline in the so-called sensitive areas of textiles, clothing and motor vehicles. South African companies are, for the first time, allowed to list and raise capital internationally, while South Africa will, in November, become one of the few emerging markets, alongside Egypt and Israel, to sign a free trade agreement with the
