Heather Irvine, Oct 28, 2013
The South African Competition Act imposes an outright prohibition on minimum resale price maintenance, and even a first time offense is punishable by an administrative penalty of up to 10 percent of turnover. Since the inception of the Act in 1999, the South African competition authorities have collected more than R49.6 million in fines from companies for imposing minimum resale prices.
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