Competition Commission to tackle economic concentration by large companies, Ramaphosa promises

Government will be setting a target for the Competition Commission to undertake market inquiries in more strategic sectors of the economy over the next few years to address high levels of economic concentration by major companies and low participation by small- to medium-sized enterprises, President Cyril Ramaphosa has said. “We need to open up the economy and make it more inclusive. This means that we need to address features of the market structure that inhibit the participation of black industrialists in the economy,” he said at the Black Industrialists and Exporters Conference, in Sandton, on March 20.

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