What is the role of competition policy?
South Africa has achieved anemic economic growth levels over a sustained period of time. Most markets in the economy have persistently remained highly concentrated and the challenges of poverty, unemployment and inequality continue unabated. In such times, default instruments such as macroeconomic tools are insufficient and restricted by the need for fiscal consolidation. It is in this context that the role of microeconomic tools such as competition policy and its enforcement can play a critical part in turning the current economic situation around.
The focus on "Competition and Inclusive Growth" is thus a reference to the need to understand the role of competition policy (and enforcement) in promoting robust and inclusive economic participation in order to stimulate and maintain economic growth for the benefit of all in South Africa.
Tembinkosi Bonakele has been with the South
African Competition Commission for the past 12 years. He was appointed
Commissioner in April 2014. Bonakele has occupied various positions in
the Commission’s core divisions. He was appointed Deputy Commissioner in 2008
and prior to that worked as head of mergers, head of compliances and senior
Bonakele established the Commission’s
cartel division and has worked on all of the Commission’s major cases over the
past ten years, including the bread and flour cartels and the construction
bid-rigging cartel cases, Telkom and SAB abuse of dominance cases and a number
of high profile mergers. He has been involved in negotiating most of the
Commission’s ground-breaking settlements and helped develop the Commission’s
corporate leniency policy as well as the Construction Fast Track Settlement
Bonakele is an admitted attorney and holds
a BJuris and LLB from the University of Fort Hare and an MBA from the Gordon
Institute of Business Science, University of Pretoria.
Bonakale currently serves as the
chairperson of the African Competition Forum, a network of 35 African
competition agencies, and is a member of the International Competition Network
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