| Competition Tribunal of South Africa | |
|---|---|
 | |
| Established | 1998 |
| Location | dtic campus, 77 Meintjies Street, Sunnyside, Pretoria |
| Authorized by | Competition Act, 1998 |
| Appeals to | Competition Appeal Court |
| Judge term length | 5 years |
| Number of positions | 9 |
| Annual budget | R 59.7 million |
| Website | www |
| Chairperson | |
| Currently | Mondo Mazwai |
| Deputy Chairperson | |
| Currently | Liberty Mncube |
The Competition Tribunal (CompTrib) is a court of first instance concerning competition-related matters in South Africa. It is an independent adjudicative body that works in conjunction with the prosecutorial Competition Commission.
History
The Competition Tribunal was established with the passing of the Competition Act (No. 89 of 1998) along with two other statutory bodies, the Competition Commission and the Competition Appeal Court.[1]
Mandate
The Competition Tribunal is established in terms of the Competition Act and has jurisdiction in the Republic of South Africa.[1] It is tasked with adjudicating competition-related matters in South Africa, including overseeing large mergers,[1]: 59 interim relief applications,[1]: 131 and complaints relating to prohibited practises.[1]: 25
Comparison with the Competition Commission
The Competition Commission can only adjudicate on small and intermediate mergers; for larger mergers, the role of the commission is to investigate and make a recommendation to the Tribunal for adjudication. Further appeals are taken to the Competition Appeal Court, which is a specialised division of the High Court.[1]
Notable cases
2023
In Competition Commission vs Bank of America Merrill Lynch International Designated Activity Company and Others, the Tribunal was referred a case of collusion by the Competition Commission regarding the manipulation of the rand by 28 banking groups.[2] The Tribunal stated that the case can proceed.[3]
List of chairpersons
- 1999–2009: David Lewis[4]
- 2009–2019: Norman Manoim[5]
- 2019–present: Mondo Mazwai[5]
References
- 1 2 3 4 5 6 "COMPETITION ACT (89 OF 1998)" (PDF).
This article incorporates text from this source, which is in the public domain. - ↑ Ryan, Ciaran (2023-11-15). "Standard Chartered settles forex rigging case after eight years in court". Moneyweb. Retrieved 2023-11-29.
- ↑ "COMPETITION TRIBUNAL OF SOUTH AFRICA: Case No: CR212Feb171" (PDF).
- ↑ Lewis, David (2012). Thieves at the Dinner Table: Enforcing the Competition Act, a Personal Account. Jacana Media. ISBN 978-1-4314-0370-7.
- 1 2 "Competition history as first black female chairperson appointed". News24. 3 August 2019. Retrieved 2024-01-07.