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dtic: Competition Commission amendments
- 04 June 2026
- Law
- South African Accounting Academy
Summary:
The Department of Trade, Industry and Competition (dtic) has gazetted a notice calling for public comments on draft enforcement amendments to regulations under the 1989 Competition Act dealing with the Breach of merger approval conditions or obligations.
Article:
Once finalised and in force, the amendments will replace Rule 39 in its entirety and adjust Form CC19 accordingly.
Among other things, the proposed replacement rule Breach of merger approval conditions or obligations removes the 10-business-day window within which an allegedly errant firm should submit a plan remedying the breach or appeal for a review.
The number of days allowed would then be at the Competition Commission’s discretion and could vary from case to case.
This was gazetted on behalf of the Competition Commission.
Deadline for comments is 6 June 2026.
Click here to download the document:
https://www.gov.za/sites/default/files/gcis_document/202605/54626-6-5-tradeindcomp.pdf
Relevance to Auditors, Independent Reviewers & Accountants:
- The Competition Act is yet another piece of legislation that your clients must comply with, and which you must assess compliance with. If they don’t comply with the relevant laws and regulations, you have certain reporting obligations in terms of NOCLAR (NOn-Compliance with Laws And Regulations) – this could include reporting to management, qualifying your audit opinion, reporting a Reportable Irregularity, etc.
- As an auditor, independent reviewer and accountant, you need to consider publications and legislation that affect your relevant clients, e.g. powers of the Competition Commission.
- As a citizen, you should be informed and aware of publications issued by regulators, e.g. Competition Commission – especially as it affects the operational powers of the Competition Commission.
Relevance to Your clients:
- An entity (company or close corporation) has a duty to comply with the Competition Act.
- Citizens should be aware of informed and aware of publications issued by regulators, e.g. Competition Commission.