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

Regulations

COVID-19 Block Exemption for the Retail Property Sector 2020

1. Definitions

 

In these Regulations any word or expression to which a meaning has been assigned in the Act shall bear that meaning and, unless the context otherwise indicates—

 

1.1. "Act"

means the Competition Act No. 89 of 1998, as amended;

 

1.2. "COVID-19"

means the 2019 novel coronavirus (SARS-COV 2 / COVID-19);

 

1.3. "Designated retail tenants"

means South African retail tenants that fall within the designated trading lines stipulated in Annexure A;

 

1.4. "Minister"

has the same meaning as defined in the Act;

 

1.5. "National Disaster Management Act"

refers to the National Disaster Management Act No. 57 of 2002, as amended.

 

1.6 "Retail property landlords"

means those businesses that are involved in the supply of rentable space in the retail property sector such as retail shopping centres, among others. The categories of landlords may include, among others, real estate investment trust companies, property developers who own or operate retail shopping centres and other intermediaries through whom the letting of rentable space in the retail property sector is facilitated; and

 

1.7 "South African retail tenant"

means a firm which is a retailer of goods or services that leases retail property from a retail property landlord, which is incorporated, established or formed under the laws of the Republic and whose place of effective management is within the Republic.

 

 


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