Trade, Industry and Competition Deputy Minister Zuko Godlimpi has praised the Competition Commission for intervening in several price-fixing cases that have cushioned consumers against high prices in the past 25 years.
The Competition Commission and Tribunal is hosting the 18th Annual Competition Law Conference in Sandton, Johannesburg.
Speaking at the event, Godlimpi says while there is a need to reflect on the commissions role, gaps in competition laws must also be looked at.
He says, "Theres a lot of important work that the competition commission and the competition tribunal have achieved over the past 25 years. They have intervened in instances of price-fixing, of collusions in the market. There was the bread price-fixing saga. There was the construction price-fixing with the World Cup stadia and a whole range of issues that happened in the past 25 years. "
"We need to reflect on how important that work has been in giving positive distributional outcomes for consumers and the public but we also need to think of where gaps existed, how can we improve the cooperation of the competition commission with the tribunal and other institutions of the state," Godlimpi adds.
