SA Competition Commission discourages filing of merger deals during lockdown
Posted on: 25 March, 2020 at 6:59 PM
South Africa’s Competition Commission will significantly scale down operations during the national lockdown which starts on Friday.
In a statement, it said it will prioritise all COVID-19 complaints and the enforcement of related regulations.
“During this period, the Commission discourages the filing of complaints unrelated to COVID-19 as well as all merger transactions except those involving failing firms or those firms in distress,” the statement reads.
Complaints related to abuses of dominance or such exploitative practices relating to COVID-19 shall be handled between the Commission and the National Consumer Commission through a dedicated team. To date, the two authorities have received over 20 complaints of excessive or exploitative pricing of essential products such as face masks, toilet paper and sanitisers.
Reach Africa’s private equity community by publishing a Showcase Article on Africa Private Equity News. Contact us at email@example.com for our rate card and more information.