Angola’s parliament has passed a draft bill on competition, which will create the country’s first competition authority.
South Africa’s competition authority has settled with two more media companies accused of fixing discounts for advertising, with remedies including a provision that one company must contribute to economic development in advertising.
Israel’s largest telecommunications operator and former incumbent must pay 30.95 million shekels (€7.25 million) for abusing its dominant position, the country’s competition watchdog said yesterday.
Last year, the Competition Commission of South Africa accused a host of global banks and their affiliates of colluding on foreign exchange benchmarks. Despite similar probes by the enforcer’s peers around the world, the South African investigation has not exactly gone to plan, having bogged down in a procedural quagmire. Given the matter’s scale and profile, the commission needs to ensure the case does not fall apart.
With just over a month to go before GCR lands in Cape Town for its second African competition conference, top antitrust authority officials from a range of African jurisdictions are poised to tackle key topics and questions facing the region.
The Sultan of Oman has agreed to establish a new competition authority, which will be separate from the country’s consumer protection authority.
Claudio Donato Monge and Marco López Volio
Daniel Pino Arroba and Paulette Ocampo
Alejandra Palacios Prieto
Paloma Alcántara and Fernando Carreño
Davit Akman, Ian Macdonald and François Baril
Gowling Lafleur Henderson LLP
Satyen Dhana, Christine Graham and Jacqueline Vallat
CMS Cameron McKenna (London)