The Centre for Competition, Regulation and Economic Development (CCRED) in the Faculty of Economic and Financial Sciences was established in 2011 at the University of Johannesburg. CCRED was initially known as CCE, and was the first of its kind in South Africa. Initially it aimed to meet the needs for improved research and teaching in the rapidly growing area of competition economics. However, the Centre’s scope has broadened to include not only competition economics, but also analysis of economic regulation and economic development. The Centre is currently running a Regulatory Entities Capacity Building Project. CCRED is headed by Professor Simon Roberts and includes a number of lecturers and associates who are experienced competition economists working in academia, for the competition authorities, and for leading consultancies.
Since the South African Competition Act came into force in 1999 the field of competition economics has expanded rapidly to be a major area of applied economic analysis and competition cases often turn on the testimony of expert economists. Competition economics is a fundamental issue in understanding and analysing regulation and economic development in an economy; hence the expansion in the study and research of these areas. However, the development of competition economics along with regulatory expertise in South African universities has lagged the needs in terms of both teaching and research.
In the area of teaching, associates of CCRED offer a dedicated competition economics Masters elective, teach components of postgraduate microeconomics courses, and supervise dissertations in the area of competition economics. Short courses are also offered, facilitated by both local and international practitioners and academics.
In research, CCRED provides a base for various research activities including running a working paper series, designed to be a central location for research output in the field in South Africa. Associates of the Centre have published more than 10 articles in the past two years. The Centre has co-hosted the Annual Competition Law, Economics and Policy Conferences from 2011 to 2013 and undertaken major projects.
CCRED is guided by a governing board chaired by Professor Lumengo Bonga-Bonga, Head of the Department of Economics and Econometrics at the University of Johannesburg.
The Centre for Competition, Regulation and Economic Development (CCRED) invites you to a Public Platform on 'Ownership, control and investment in South Africa – 23 years on'.
The Centre for Competition, Regulation and Economic Development (CCRED) invites you to the Africa Day Public Platform on 'Industrialisation and competition in Southern Africa'
The public lecture will be presented by Prof. Massimo Motta (Barcelona GSE). The lecture would be on the Standards for Merger Review focusing on Key Insights from European Cases.
The Centre for Competition, Regulation and Economic Development in partnership with the International Fund for Agricultural Development (IFAD) invites you to a public platform on 'Insurance as a means of managing climate variability and volatility.'
The Centre for Competition, Regulation and Economic Development (CCRED), in partnership with International Fund for Agricultural Development (IFAD), has the pleasure of inviting you to a seminar on 'Investing in food production and agro-processing - the role of regional value chains'.
You are invited to attend a workshop on Transforming Agricultural Markets that is co-hosted by National Treasury, the Department of Trade and Industry and the University of Johannesburg’s Centre for Competition, Regulation and Economic Development (CCRED).
The African Programme on Rethinking Development Economics (APORDE), in association with the Centre for Competition, Regulation and Economic Development (CCRED) has the pleasure of inviting you to a seminar on ‘International Financial Flows and Financial Crisis Seminar’ .
12 July 2016
The Centre for Competition, Regulation and Economic Development (CCRED), has the pleasure of inviting you to a public briefing on ‘Opening up the economy: An agenda for action to address the barriers to entry’.
11 July 2016
The Centre for Competition, Regulation and Economic Development; the South African Research Chair in Industrial Development; and the Government Technical Advisory Centre have the pleasure of inviting you to the following seminar
Small and Medium Enterprises (SMEs) are key drivers of inclusive growth in the South African economy, contributing about 55% to the gross domestic product, while their contribution towards employment is as high as 60%. In addition, small firms and new entrants enhance competition within different economic sectors, resulting in lower prices and greater variety for consumers, as well as dynamic and productive efficiencies.
The South African Competition Commission has been very successful in uncovering cartels, with a large number of settlements over the past 10 years. It should be noted that settlements typically involve an admission on the part of the companies involved. Given the regional scope of many companies’ activities across southern Africa this begs the question as to whether these cartels affected neighbouring countries and should also be prosecuted in these countries.
The Competition Commission of South Africa’s land-based public passenger transport market inquiry, which commenced in June 2017, addresses a range of questions including issues with intermodal transport links. The inquiry relates to excessive short distance passenger transport fares charged by buses, peak season long distance bus fares, operational subsidies disadvantaging operators that are not subsidised, and restricting particular providers to operate in specific areas and routes. The issues to be considered cut across several public transport modes. The inquiry coincides with the Gauteng provincial government’s plan to expand its high speed train, Gautrain, into two of Gauteng’s largest townships.
Firm competitiveness can be understood as the ability to provide products and services at least as efficiently and effectively as competitors. At the industry level, international competitiveness is the ability of domestic firms to achieve sustained success against foreign competitors such as in terms of unit labour costs and relative productivity. Competitiveness is critical if a country’s firms are to take advantage of the opportunities presented by the regional and international economy. Furthermore, it can stimulate industrialisation and economic growth which subsequently promotes job creation, higher productivity and innovation.
In the first quarter of 2017 the COMESA Competition Commission (CCC) assessed its first restrictive business practice complaint. The case relates to the exclusive award of marketing and media rights for the main regional football competitions on the African continent.
The world population is expected to reach ten billion by 2050, which has implications for food security in the context of climate change. In the recent $43 billion acquisition of Syngenta, a global seed company, by ChemChina, a chemicals company, the CEO of ChemChina notes that the merger was driven by China’s need to secure future food supply, given the country’s history of famines. This strategy highlights the importance of access to seeds as a key input in agricultural production. This article looks at the implications of increased consolidation in the global seed industry on access to seed and food security.
In April 2017, the COMESA Competition Commission (CCC) conditionally approved a large merger between Brasseries Internationales Holdings (BIH) Ltd and Carlsberg Malawi Ltd (Carlsberg). BIH is the holding company of Castel Group, a French beverages company. The second party to the merger, Carlsberg, is a beverages manufacturer participating solely in the Malawian market in Africa. The merger spans four countries: Ethiopia, Malawi, Madagascar and the Democratic Republic of Congo.
DStv Media Sales (Pty) Ltd (DMS) was recently found to have been involved in anti-competitive behaviour and has admitted to price fixing as well as fixing trading conditions. This comes after an investigation by the Competition Commission of South Africa which commenced in November 2011 where it was concluded that, through a company called Media Credit Co-Ordinators (MCC), associated media agencies were offered discounts for early settlement of their accounts of 16.5% for payments made within 45 days whereas non-member agencies were only given a 15% discount.
A summary of some of the major mergers, acquisitions and enforcement cases in the region
The manufacturing sector plays a pivotal role in the development and growth of an economy due to its forward and backward linkages with other sectors. Economic activity in Johannesburg can also lead to benefits across southern Africa (“the region”) where firms inJohannesburg are key suppliers.
WATCH: CCRED Senior Researcher Thando Vilakazi discusses the patterns of investment of top JSE-listed firms.
CCRED Senior Economist/Researcher is interviewed on The Midday Report on 702 by Stephen Grootes. The interview is on the investment trends of large and lead firms listed on the Johannesburg Stock Exchange.
COSATU issues a statement following CCRED's recent research on the assessment of large and lead firms listed on the Johannesburg Stock Exchange's (JSE) investment patterns.
Huffington Post writes a 'spin-off' article of Business Day's article on CCRED's research of large and lead firms' growth, strategies and investment patterns.
independent Online (Business Report) writes an article on CCRED's recent research assessment of Remgo Ltd as a large, lead and dominant firm.
Financial Mail writes a feature story on CCRED's recent research project on the investment patterns of large, lead and dominant firms listed on the Johannesburg Stock Exchange (JSE).
Financial Mail interviewed CCRED Senior Economist/Researcher Thando Vilakazi, on the impact of JSE listed firms' growth and strategies on South African economy.
M&G interviewed CCRED Senior Economist/Researcher, Thando Vilakazi, on large and lead companies' reserves held instead of reinvesting. The article can be found here.