The Competition Act

The Competition Act is a law designed to promote fair competition and prevent anti-competitive practices in the marketplace. It aims to protect consumers and ensure businesses compete fairly by prohibiting activities like monopolies, price-fixing, and deceptive practices. The Act empowers regulatory bodies to investigate and take action against companies that violate these principles, fostering an environment where innovation and choice thrive. Ultimately, it seeks to maintain a healthy economy by ensuring that businesses operate on a level playing field, benefiting both consumers and the market as a whole.