South Africa’s economic system is based primarily on free market principles; and while competition is controlled, the local competition regulations are based on international practices.The amended Competition Act of 2009 will see directors and managers in prison, if they participate in or tacitly consent to cartel conduct or other niceties, frowned upon by the act. It tries to protect whistle-blower firms or individuals, but talk to Mr Snowden as to what that’s worth.
Team specialist
Volker Werth