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Competition Commission Meeting Our Objectives

Competition Commission Meeting Our Objectives. Presentation to Portfolio Committees Cape Town 13 June 2001 ADV. MENZI SIMELANE. Objectives. To provide. An overview of our achievements to date Economic information. Background.

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Competition Commission Meeting Our Objectives

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  1. Competition CommissionMeeting Our Objectives Presentation to Portfolio Committees Cape Town 13 June 2001 ADV. MENZI SIMELANE

  2. Objectives To provide • An overview of our achievements to date • Economic information

  3. Background • Commission became operational on 1 September 1999 – 20 months old • The Competition Act has been amended twice • Most recent amendment became effective 1 February 2001 • Thresholds increased dramatically, reducing merger workload by 60% • Jurisdiction became concurrent with other regulators – has increased merger & investigation activity

  4. Meeting Our ObjectivesObjectives of the Act • To promote efficiency, adaptability and development of the economy • To provide consumers with competitive prices and product choices • To promote employment and advance social and economic welfare of South Africa • To expand opportunities for South African participation in world markets and recognise the role of foreign competition in the Republic • To ensure that SME’s have an equitable opportunity to participate in the economy • To promote a greater spread of ownership, in particular to increase the ownership stakes of historically disadvantaged

  5. Meeting Our ObjectivesOur Activities • Merger evaluations • Investigations into prohibited practices • Exemption evaluations • Advisory opinions • Education & Information • Policy & research (non-case) • Legislative reviews

  6. Meeting Our Objectives Mergers

  7. Meeting Our Objectives Mergers Sample of mergers between April - December 2000

  8. Meeting Our Objectives Mergers

  9. Meeting Our ObjectivesInvestigations

  10. Meeting Our ObjectivesInvestigations

  11. Meeting Our ObjectivesInvestigations

  12. Meeting Our ObjectivesExemptions • 9 applications (4/2000 – 3/2001) • 3 pharmaceutical manufacturing • 2 healthcare services • 4 manufacture of transport equipment, cement products, liquid fuels and shipping lines • All relating to restrictive horizontal practices

  13. EfficiencyCost per Output

  14. EfficiencyTurnaround Time

  15. Interesting InformationOwnership Concentration

  16. Interesting InformationProblem Sectors

  17. Interesting InformationMergers & Employment • In 125 cases evaluated a net loss employment of 197 jobs occurred • Industries with combined market share of 60%-100% resulted to 77% of the above job losses • Competitive industry with low levels of concentration resulted to only 18% of the above job losses • Concentrated industries at Cr4 above 60% & competitive industries at Cr4 below 40% resulted to 4 times more job losses • 100% employment gains were within Cr4 in the ranges of 20% to 60%

  18. Questions & Clarification

  19. How to contact us Website: www.compcom.co.za E-mail: CCSA@compcom.co.za Tel: (012) 482-9000 Fax: (012) 482-9003

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