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For just over a decade, promotional competitions have been regulated by the Lotteries Act, 1997, which has been in effect since 1 March 2000. Attorneys, in-house counsel and other legal practitioners have become used to advising on the legality of promotional competitions with reference to section 54 of the Lotteries Act and the regulations promulgated under that section. But when the Consumer Protection Act, 2008 (“the CPA”) comes into force on 31 March 2010, as expected, the regulation of promotional competitions in South Africa will change significantly. The CPA will replace the Lotteries Act’s current definition of “promotional competition”. In future, section 1 of the Lotteries Act will define a “promotional competition” as having the meaning set out in section 36 of the CPA. |
| 18/03/2011 | Posted in: Competition Law and Commercial Law |
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SMEs underusing Competition Act’s powers Small and medium-sized enterprises (SMEs) are underusing the Competition Act’s powers that afford such businesses the opportunity to enter into preferential agreements with larger com- panies, says legal firm Adams & Adams competition law practice group member Jac Marais. The Act’s aims, in section 2, include the promotion of equal opportunities for SMEs, as well as the spreading of ownership to historically disadvantaged persons. |
| 18/03/2011 | Posted in: Competition Law and Commercial Law |
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The Competition Commission is investigating 65 bid-rigging cases in the construction sector, involving more than 70 projects worth about R29-billion. According to the Competition Commission, it has uncovered anti-competitive conduct across the construction industry. |
| 18/03/2011 | Posted in: Competition Law and Commercial Law |