Until recently, the pecuniary risks of non-compliance with the Competition Act at a firm level involved a fine of up to 10% of a firm’s turnover, and for those guilty of cartel conduct, the risk of criminal sanctions that can take the form of fines or imprisonment.
About Marylla Govender
Marylla is an economist specialising in the field of industrial economics and competition law. She holds an MCom (Economics) (Cum laude) and an MA (Econ) (Economics). She has worked at the South African Competition Commission and Arthur Andersen. A significant part of her work experience has been spent as an economic consultant to the competition law department of Webber Wentzel attorneys and Nortons Inc attorneys. Marylla lectures and conducts workshops in industrial economics and competition law.
Entries by Marylla Govender
Earlier this year the National Credit Regulator (NCR) referred a matter relating to Lewis Stores, to the National Consumer Tribunal for breach of the National Credit Act (NCA). The role of the Consumer Tribunal is to adjudicate on applications and allegations of prohibited practice made in terms of the NCA and the Consumer Protection Act. […]
Over the past 16 years there have been various competition law cases pending against Arcelor-Mittal (Mittal). In order to bring these cases to finality, Mittal has reached a settlement agreement with the Competition Commission to pay an eye-watering and record-breaking R1.5billion fine (payable in annual installments over the next 5 years) for its involvement in […]
As of 1 May 2016, competition law in South Africa will be strengthened when the criminalisation of hard core cartel activity becomes a reality. This amendment to the Competition Act makes it an offence for company directors or persons in a position of management authority to engage in or “knowingly acquiesce” in cartel conduct and brings […]
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