The World Economic Forum’s Global Competitiveness Report for 2013/14’s top-ten ranking for the effectiveness of South Africa’s antimonopoly policy, was encouraging, the Competition Commission said on Tuesday.
South Africa had ranked at number eight, out of 148 countries, ahead of Puerto Rico, Norway, Japan and Germany on the back of its ability to manage monopolies through policy frameworks.
“It's encouraging that we are in the top ten for the effectiveness of our competition law, acknowledging the enforcement record of the competition authorities,” Competition Commission commissioner Shan Ramburuth commented.
Finland, Qatar, Sweden, Singapore and the Netherlands remained in the top five of the nearly 150 countries ranked in terms of their antimonopoly policies.
South Africa had rated well ahead of its Brics counterparts, with Brazil, Russia, India and China reporting rankings of 40, 116, 29 and 55 respectively, with regards to the effectiveness of antimonopoly policies.
Zambia had been rated at 37, followed by Namibia at 66 and Botswana at 79. Zimbabwe had achieved a placing of 83 and Mozambique reached 128 in terms of the effectiveness of the respective antimonopoly policies in place.
South Africa had ranked fifty-third in the overall competitiveness survey.