Competition Act, 1998 (Act No. 89 of 1998)

Regulations

Purchase

7.1.	A dominant firm that contravenes or fails to comply with regulation 4 must be investigated by the Competition Commission and, if found to be in contravention, is liable for the penalties imposed upon it as provided for in the Competition Act.

7.2.	Subject to the requirements of the Competition Act, the Consumer Protection Act and the regulations published in terms of section 27 (2) of the Disaster Management Act, a person or firm which contravenes these regulations could have one of more of the following penalties imposed—

7.2.1.

a fine of up to R1 000 000;

7.2.2.

a fine of up to 10% of a firm's turnover; and

7.2.3.

imprisonment for a period not exceeding 12 months.