The Competition Commission and the Department of Trade and Industry have just become a lot more powerful. Not only do they now dictate the rules of any new merger activity in the country, but they have extensive powers in launching inquiries into current corporate structures and deals concluded in the past.
For example, if the Vodafone/Vodacom merger was put forward to authorities now, not only would their activities in the mobile space be considered, but also their intentions to expand into themarket.
Irvine says this issue of limiting companies’ price bargaining power was highly contentious, and the factor most extensively debated in Parliament.Companies stated that taking away their power to negotiate bulk discounts, and incentivise their suppliers this way, will make the business environment less competitive, not better, in this regard,” says Irvine.
The RMB/BER business confidence index in South Africa stood at 28 in the second quarter of 2019, which is at its lowest level since 2017, as sentiment deteriorated sharply due to the power crisis and political uncertainty.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: China’s Growth Slides to Weakest Pace in Almost Three DecadesChina’s economy continued slowing in the second quarter, with sluggish domestic output and continuing trade tensions pulling growth down to the weakest pace since the early 1990s.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Monday, July 15: Five Things You Need to Know to Start Your DayChina growth data is coming up, markets are set for a cautious start to the week and U.S. earnings season kicks off. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Old Mutual’s battle with Peter Moyo is not only about a conflict of interestAt the heart of the dispute between Old Mutual and sacked CEO Peter Moyo is NMT Capital, an investment firm Moyo co-founded with business titans Sango Ntsaluba and Thabiso Tlelai. Old Mutual is vexed that Moyo and other NMT shareholders wrongly pocketed dividends while the firm had outstanding preference share dividend payments to the insurer and debt obligations to the Industrial Development Corporation. NMT is potentially insolvent.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK ANALYSIS: Africa’s beastly burden: The case for shrinking the faunal poverty lineIt is no coincidence that Africa is the world’s poorest continent and the last refuge of menacing megafauna. This has pre-historical roots and today, the poorest of the poor bear the brunt of human-wildlife conflict. The concept of the ‘faunal poverty line’ seeks to address this and put people first.
Source: dailymaverick - 🏆 3. / 84 Read more »