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

Notices

Determination of Merger Thresholds and Method of Calculation

Part A : Determination of Thresholds

1. Definitions

 

In this notice any word or expression to which a meaning has be ascribed in the Act bears the same meaning as in the Act unless the context indicates otherwise, and

 

"G.A.A.P"

means generally accepted accounting practice in South Africa;

 

"the Act"

means the Competition Act, 1998 (Act No. 89 of 1998); and

 

"transferred firm"

means—

(a) a firm, or the business or assets of the firm, that as a result of a transaction in any circumstances set out in section 12 of the Act, would become directly or indirectly controlled by an acquiring firm; and
(b) any other firm or business or assets of the firm, the whole or part of whose business is directly or indirectly controlled by a firm contemplated in paragraph (a).

 

[Section 1 substituted by Notice No. 1003, GG 41124, dated 15 September 2017 -  effective 1 October 2017]