President refuses to sign off on the Competition Amendment Bill
30/01/2009

Directors and persons in "management authority" can breathe a sigh of relief as the Competition Amendment Bill (the Bill) has been sent back to the drawing board (the National Assembly) by President Kgalema Motlanthe amidst concerns that the Bill may be unconstitutional.

The Bill aims, inter alia, at criminalizing the conduct of such persons in causing their firms to conduct their affairs in an anticompetitive manner. The Bill also extends to instances wherein such persons knowingly acquiesce to such conduct.
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