Wesbank

‘Lack of resources limit Competition Authority’

SHARE   |   Monday, 05 December 2016   |   By Kabelo Adamson
‘Lack of resources limit Competition Authority’

The subvention that the Competition Authority (CA) receives from government is not enough and therefore affects the implementation of planned projects, Competition Commission Deputy Chairperson, Thembisile Phuthego said on Monday. Phuthego said this when launching the Authority’s Annual Report on the day which was also a World Competition Day (WCD). Due to limited funding, Phuthego said the Authority finds itself operating with a skeletal staff and has not been able to expand to meet the demands of mandate. Another challenge giving CA a headache is the late submission of data by external parties, particularly in retail where most companies in that space are headquartered in South Africa which leads to their information clearance taking a bit longer. According to Phuthego, during the 2015/16 financial year, CA handled a number of cases, including sugar beans case which CA’s investigations revealed possible bid rigging in a tender worth over P110 million. The case is now before the Court of Appeal after both the Competition Commission and High Court ruled against CA. During the period, CA also handled a total of 33 merger notifications 29 of which were finalised, 26 approved without conditions and three with conditions while none were prohibited.