Competition Commission to unveil Economy Concentration Tracker Report during a virtual media briefing
On Tuesday 7 December 2021 at 13h30, the Competition Commission of South Africa will unveil and handover its first ever Economy Concentration Tracker Report to the Honourable Minister of Trade, Industry and Competition Mr. Ebrahim Patel.
Themed: Measuring Concentration and Participation in the South African Economy: Levels and Trends, the report details the levels of concentration and participation in 178 markets, and how these have been evolving over the past 5-10 years. The study makes use of data collected by over 80 industry organisations, regulators and government departments as well as data from SARS, Stats SA and the Commission itself. The study recently served before Cabinet makes recommendations as to how persistent concentration and the lack of participation may be addressed through more coordinated competition policy and law enforcement.
The economic sectors highlighted in the report include but are not limited to agriculture, retail, forestry, health care services, financial services sector, media, energy, property, gambling, construction, automotive and airline industry.
The report prefaces the origins of concentration in South Africa’s economy as a direct result of concentrated “market structure from the Apartheid era” which left the country with an economy characterised by excessive levels of concentration of ownership and control, as well as a lack of participation by all South Africans.
Members of the media are invited to attend and cover the virtual media briefing as follows:
Date: Tuesday, 7th December 2021
Time: 13h30
Platform: Zoom
Link: https://gcis.zoom.us/j/96937816392?pwd=bzYxcUhublN5U1dqQVZ5ZmpQRU9BQT09
Meeting ID: 969 3781 6392
Passcode: 944567
The proceedings of the launch and handover will also be streamed live on the Commission’s YouTube Channel. The report will be available on the Commission’s website www.compcom.co.za from 7 December 2021.
Enquiries:
Siyabulela Makunga, Spokesperson
Tel: 012 394 3493 / 067 421 9883 / (WhatsApp No: 072 768 0238)
Email: SiyabulelaM@compcom.co.za
