The South African Minister of Economic announces the entry into force of new amendments to the Competition Act introducing criminal liability for cartel conduct on 1 May 2016

For the first time in South Africa, directors and managers will face jail time for participation in a cartel. Minister Patel announced yesterday that the amendments to the Competition Act which introduce criminal liability for cartel conduct will come into effect from 1 May 2016. The amendment will introduce criminal liability for directors and individuals with ‘management authority’ who are responsible for - or knowingly acquiesce - in cartel

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Authors

  • Norton Rose Fulbright (Johannesburg)
  • Norton Rose Fulbright (Johannesburg)

Quotation

Lara Granville, Rosalind Lake, The South African Minister of Economic announces the entry into force of new amendments to the Competition Act introducing criminal liability for cartel conduct on 1 May 2016, 22 April 2016, e-Competitions Bulletin April 2016, Art. N° 79193

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