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File: Draft Bill- Competition Act | Press release

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Minister of Economic Development releases Draft Bill amending the Competition Act to address economic concentration, spread of ownership and institutional and procedural processes, for public comment


Immediate release 1 December 2017

The Minister of Economic Development, Mr Ebrahim Patel, today released a draft Bill amending the Competition Act to address the structural issues of economic concentration and the racially-skewed spread of ownership in the economy. The Bill also deals with various institutional and procedural processes aimed at enhancing the efficiency and effectiveness of the competition authorities.

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The Economic Development Department wishes to advise members of the public, particularly those in business, to be alert to a scam utilizing the logo of the Economic Development Department. The fraudsters involved send unsuspecting business operators a Request for Quotations for the provision of Solar Panels.

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