Description

Competition Act (No. 12 of 2010) including merger control regulation entered into force

On 1 August 2011, Competition Act (No. 12 of 2010) entered into force. The Act defines a merger as an acquisition resulting in a change of control of a business or part thereof, subjecting such mergers to approval by the Competition Authority. The Authority assesses mergers based on criteria such as market dominance, public benefit, and economic efficiency. It may impose conditions or revoke approvals to maintain fair competition, ensuring that mergers do not lead to a substantial lessening of competition.

Original source

Scope

Policy Area
Competition
Policy Instrument
Merger control regulation
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
executive
Government Body
central government

Complete timeline of this policy change

Hide details
2010-12-30
adopted

On 30 December 2010, the President endorsed the text for the Competition Act (No. 12 of 2010). The …

2011-08-01
in force

On 1 August 2011, Competition Act (No. 12 of 2010) entered into force. The Act defines a merger as …

We use cookies and other technologies to perform analytics on our website. By opting in, you consent to the use by us and our third-party partners of cookies and data gathered from your use of our platform. See our Privacy Policy to learn more about the use of data and your rights.