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Will SA’s competition bill hinder already sluggish M&A activity?

How the bill will change the SA business landscape.

Delivering his state of the nation address (Sona) in Parliament last week, President Cyril Ramaphosa committed to prioritising the signing of the Competition Amendment Bill into law.  

Geared primarily towards transforming the economy through aiding small- to medium-sized and black-owned businesses, the bill is anticipated to impact the local landscape in a number of ways. The bill has been met by various objections and concerns around the potential negative impact it could have on economic activity, in particular the already lagging merger and acquisition market.

Chris Charter, national head of Cliffe Dekker Hofmeyr’s Competition practice, says the thinking behind the new bill is not revolutionary for South Africa and should therefore not have an unexpectedly major impact in reality.

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