Overview     

The Competition Act does not require mandatory notification of "small mergers" but the Competition Commission has issued amended guidelines on small merger notification to enable evaluation of whether a small merger requires notification on its own merits. 

Accountants and auditors must remain cognisant of their obligation towards NOCLAR. In this regard, they have to be able to apply the latest requirements of the Competition Act to those clients that small mergers (and the large ones) apply to. 

In order to avoid contraventions of the Act and the consequences that follow, parties to small transactions meeting the relevant criteria need to make submissions to the Commission prior to entering into such transactions. 

Join our technical expert Lettie Janse van Vuuren CA(SA) on 26 August 2021 from 10:00 a.m. to 12:00 p.m. as she provides an overview of the guidelines on small merger notification, and also reviews some other important definitions and aspects of the Competitions Act. 

Learning objectives    

   By the end of this event the attendee will:   

• Be aware of the basics of the Competitions Act (specifically Section 13); 

• Be aware of some important definitions as well as the role of the Competition Commission; 

• Understand some of the risks, e.g. potentially anti-competitive transactions going unchecked; 

• Know under which circumstances the Competition Commission must be notified of a merger; and 

• Be aware of the procedures to notify the Competition Commission. 

Content   

   The webinar will cover the following topics:   

• Basics of the Competitions Act (Section 13). 

• Important definitions. 

• The role of the Competition Commission. 

• Risks involved.  

• Notifying the Competition Commission of a merger: 

  • The procedures involved. 

  • When to do the notification. 

  • Criteria relating to small mergers and acquisitions that require notification. 

  • Criteria relating to the digital market that require notification. 

   

   Obtaining your CPD certificate

This webinar qualifies for 2 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by all relevant professional bodies.  All attendees are issued with a CPD certificate available in an online profile.   

 About the presenter  

Lettie Janse van Vuuren CA(SA), RA  

Lettie is a Chartered Accountant, Registered Auditor, as well as an Assessor and Moderator. She joined SA Accounting Academy in November 2017 as Head of Technical. As a professional trainer and webinar host, she is able to hold the attention of an audience with her relaxed and humorous presentation style.  She has a unique ability to communicate with delegates at their respective levels of knowledge and experience.  Over the last 20 years, she has trained thousands of partners, managers, trainee accountants and other professionals.   

She is responsible for researching, compiling and presenting our MCLU (Monthly Compliance and Legislation Updates). She was the Professional Development Manager at SAICA for 4 years and in charge of accrediting new training offices and monitoring existing ones (including the moderation of training offices and trainee assessments).  

 Who should attend?   

   The following persons will benefit from attending this webinar:   

• Professional Accountants including: RA(SA), CA(SA), PA(SA) and BAP(SA); 

• Accounting officers; and 

• Trainee Accountants.  

Price                 

• R 475.00 - Online admission - Individual.  

• R 950.00 - Online admission - Company.   

Steps to register for the event:   

If you already have a profile, login and register for the webinar.  

If you don’t have a profile, create a free profile then login and register for the webinar.  

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series).  

Click here to find out about the Technical Resource Centre & CPD Subscription options.  

 Additional material  

   By attending this webinar you will be provided with:  

• Summarised slide presentation;  

• Detailed course material; 

• Source documents for reference/resource library; and   

• You can ask questions during the webinar and you will also have access to the presenter after the webinar.