
South Africa’s competition law needs a free market rethink
The economy is not a pie – at least, not a limited one.
The economy is not a pie – at least, not a limited one.
Despite countless failures, Eskom has been shielded by the guarantees of state subsidies and state backed credit.
Hayek dismantled the socialist belief that experts, armed with data and models, could direct an economy more effectively than the market.
Shifting towards market-driven mechanisms, rather than continuing with price controls, would not only enhance market fairness but would also create a more level playing field for all participants.
Consumers are an afterthought in the consideration of mergers by the Competition Commission.
Mauritius demonstrates how economic freedom can help create a thriving education system.
The unchecked authority of the Competition Commission has contributed to South Africa’s economic stagnation.
Even though we do not yet know the reasoning of the Tribunal as to why it blocked the merger between these two parties, we can be sure that its reasoning is premised on a failure on the part of the parties to satisfy one of the myriad requirements in section 12 of the Competition Act.
The luxury market represents more than just a niche industry—it is a driver of cultural innovation and economic growth, contributing to both global recognition and local employment.
This then begs the question, to what extent is the rand political and unreliable?