n Without Prejudice - Hitting up head office : competition law
|Article Title||Hitting up head office : competition law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Author||Ingrid Rogers and Neil Mackenzie|
|Publication Date||Mar 2015|
|Pages||28 - 29|
Competition laws apply to economic activity - the economic actors who carry out this activity are the ones to whom the law confers rights and on whom the law imposes obligations. Different countries use different terms to describe these economic actors. In South Africa, the Competition Act borrows the word from economic literature that describes the most basic economic unit - the "firm". (Only in s5(1) of the Act is the word "party" used instead of "firm". This departure from the language used in s4(1) cannot be readily explained, other than as a drafting inconsistency.)
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