The Competition Tribunal is guilty of damaging regulatory overreach in blocking Vodacom's Maziv deal.
authorities are actively doing damage to South Africa’s economic prospects. They need to be reined in.
That it took the authorities three years to conclude their investigations into the proposed deal is wholly unacceptable The poor will pay the biggest price of the decision by career bureaucrats in Pretoria who believe they know better than industry about the best way to run a business.to conclude their investigations into the proposed transaction is wholly unacceptable, too. How can any company hope to make strategic deals if the regulator takes 36 months to approve them? There should be a strict time limit on how long these investigations are allowed to take – perhaps no more than six months.
The tribunal’s decision will directly harm poorer communities in South Africa, according to the author It will be interesting to see if the tribunal deals with this point in its reasons document – or even reflects on the negative implications of its decision. I’m not holding my breath.
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