Johannesburg, 11 December 2020 – Restrictive service and repair warranty plans will finally become a thing of the past for South African car owners, following a major announcement by the Competition Commission today. Currently, owners of new cars in South Africa are typically locked into using a vehicle manufacturer’s service centres, repair shops and parts […]
By Filum Ho South Africa’s economy is reeling amid the pandemic, and the year 2020 has prompted many discussions around why now is the time for the country to take inclusive growth more seriously. President Cyril Ramaphosa in mid-October presented his economic reconstruction and recovery plan that has received both good and more circumspect reviews. […]
After hearing over 80 stakeholders’ viewpoints regarding what might be viewed as anti-competitive behaviour in the automotive industry, the Competition Commission has decided to take a draft motor code one step further by seeking to implement it in law.
Since 2017, the Competition Commission has consulted widely in the automotive industry with a view, at first, of creating a single, voluntary Automotive Code of Conduct to help open up the market, promote greater transformation and encourage increased economic participation of SMEs and black South Africans.
What this means is that there are now officially 16.3 million employed people and 6.2 million unemployed people between the ages of 15 and 64 years in South Africa.
Dear Mr Cohen, I read with interest your column dated 5 October 2018 entitled ‘The new competition bill is based on some dodgy numbers’.
“As a business leader, you have a social contract to try and transform the country grow jobs, try and grow the SME arena. I think that is indicative of things happening in the country.”
The Competition Commission’s proposed new code of conduct for the South African automotive industry is set to usher in groundbreaking changes for car owners, automotive aftermarket businesses