{"id":320895,"date":"2024-04-27T14:00:30","date_gmt":"2024-04-27T08:30:30","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=320895"},"modified":"2024-05-02T17:49:19","modified_gmt":"2024-05-02T12:19:19","slug":"competition-commission-of-sa-revises-guidelines-on-merger-control","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/27\/competition-commission-of-sa-revises-guidelines-on-merger-control\/","title":{"rendered":"Competition Commission of South Africa revises its Public Interest Guidelines relating to merger control"},"content":{"rendered":"
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Department of Trade, Industry and Competition:<\/span> The Competition Commission of South Africa under the Department of Trade, Industry and Competition revised its Public Interest Guidelines relating to mergers control on 20-04-2024. The Guidelines will be effective from the date of publication in the Government Gazette and will be subject to timely amendments by the Commission.<\/p>\n

The revisions have been made in the light of the Competition Amendment Act, 2018, the main objectives of which were to deal with the structural challenges of concentrated and racially skewed ownership of businesses in South Africa. These Guidelines are majorly inspired by the amended Section 12A of the Competition Act, 1998 (\u201cAct\u201d) that enshrines transformative values relating to the erstwhile racially dividing policies in the Republic of South Africa, which had resulted in the status quo of business ownership in the economy.<\/p>\n

Principles contained:<\/p>\n

The Revised Public Interest Guidelines take guidance from the principles contained in Section 12A of the Act, which are as below-<\/p>\n