small enterprises
Photo By Medsile Via Iwaria

South African Competition Commission on Monday moved to protect the small enterprises from bigger ones by issuing the Price Discrimination and Buyer Power Guidelines.

Commission’s commissioner Tembinkosi Bonakele said the publication of the guidelines provides clarity to both dominant buyers and suppliers as to how the new legislation will be enforced by the commission.

The objective of the provisions is to enhance the participation of small and medium-sized enterprises (SMEs) and the firms of historically disadvantaged persons (HDP) in the economy by protecting these firms from unfair exploitation by dominant buyers of their products.

“The buyer power provisions present an opportunity for SMEs to effectively participate in the economy without undue hindrances as a result of abuse of market power by dominant buyers,” Bonakele said.

“This is an important step towards the realization of a growing and inclusive economy in South Africa. These guidelines also come at an important time when the commission is seeing such participation in the economy under threat from the COVID-19 crisis.”

He said the commission has already taken enforcement action under these provisions in the dairy

Disclaimer: News Ghana is not responsible for the reportage or opinions of contributors published on the website.

Send your news stories to [email protected] and via WhatsApp on +1-508-812-0505 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.