The RFA has through our Competition Law expert, Nick Altini, Director – Competition at Cliffe Dekker published a Competition Law guide that is now available to members for free.
We urge members to please familiarise themselves with the content of the guide and to adhere to the legislation to prevent any contraventions.
Should you as a member want a copy of this law guide then please fill in the short form below and we will email it to you.
Trade association meetings provide a tempting opportunity for competitors to share information on pricing. There are, however, inherent dangers in information sharing between competitors in the form of tacit co-ordinated conduct or, in fact, naked collusion.
With Associations now coming under the spotlight and our industry next, members need to be aware of what constitutes anti-competitive behaviour.
Should companies contravene the Competition Act, they may be liable to an administrative penalty of up to 10% of the firm’s annual turnover. And in respect of collusion, any directors or persons having management authority that are found guilty could be sentenced to a fine of up to R500 000 or imprisonment of up to 10 years or both.
In addition as part of our Code of Conduct members need to refrain from any anti-competitive behaviour or risk expulsion or suspension should they engage in such conduct.
Table of Contents
1 STATEMENT OF COMMITMENT
2 OVERVIEW OF RFA'S COMPETITION LAW COMPLIANCE POLICY
3 SOME BASIC CONCEPTS
4 HORIZONTAL COMPETITION CONTRAVENTIONS OR COLLUSSION / CARTELS4
5 JOINT VENTURES