Economic uncertainty appears to be the order of the day, especially on home soil, and the contest between businesses to gain market share remains challenging. We are all impacted in some way or another by this race for economic power and prosperity.
How then is it possible to strive towards a free market where businesses have equal opportunities, economic efficiency is achieved, consumers are protected and ultimately economic growth is stimulated?
The answer, in short, is a robust competition policy, which is underpinned at its foundation by sound economic policies.
Traversing competition or anti-trust law can be complex. It is loaded with big words, there are complicated concepts and quite a bit of jargon. Nevertheless, the law can have serious implications for government, corporates, lawyers, economists, academics and even Joe Soap, if not properly understood.
In keeping with the spirit and success of the first edition, the second edition of A Practical Guide to the South African Competition Act aims to demystify the application of competition law in the South African context. This book is best described in the words of the Chairperson of the South African Competition Tribunal, Norman Manoim: “It makes law friendlier to the economist and economics friendlier to the lawyer and both friendlier to those who can claim to be neither.”
The aim of the acclaimed authors of the guide is to provide practical insights into the theoretical underpinnings of the provisions of the South African Competition Act and the regulations guiding the implementation of these provisions.
The editorial team, including the authors and collaborators, comprise economists, academics and lawyers. This combination of skill and perspective played an important part in the book’s composition and content. Cognisance was taken of the practical implications of the South African competition legislation and the need for it to be easily understood by business and practically applied when dealing with customers, suppliers and competitors.
This edition addresses significant recent changes to the law; the stance taken by authorities based on analysis of cases and the consequences of infringements.
The book is written in a question-and-answer format. This style makes it a user-friendly reference and is one of the defining characteristics of the book. Answers are communicated in a clear and straightforward manner and the effective use of diagrams and graphs adds to its practical nature.
Ensure that your business gains its essential competitive edge while remaining safe within the realm of the possible with A Practical Guide to the South African Competition Act. This must-have guide for business executives and entrepreneurs, law students, legal practitioners and economists can be ordered through LexisNexis.