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South African competition law includes jail time for collusion and anticompetitive behavior

( April 22, 2016, 08:24 GMT | Insight) -- Executives taking part in cartels or collusion in South African will now face jail time, as part of a government crackdown on anticompetitive behavior. The country’s economic development minister, Ebrahim Patel, said that amendments to the ...Executives taking part in cartels or collusion in South African will now face jail time, as part of a government crackdown on anticompetitive behavior. The country’s economic development minister, Ebrahim Patel, said that amendments to the Competition Act will come into force on May 1. It will now be a criminal offence for directors or managers of a company to take part in price fixing, market division and collusion activities, or to acquiesce with any collusion. The law is not retrospective....

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