DTI denies ‘rivalry’ with EDD over amendments to Competition Act

The Department of Trade and Industry (DTI) has denied reports of rivalry with the Economic Development Department over proposed amendments to the Competition Act, which its claims to support.

In a statement released on Thursday, the department underlined its concern over the “excessive concentration” in the ownership and control of the South Africa economy, which “breeds uncompetitive tendencies”, detrimental to industrial development and economic growth.

Read the full story on Engineering News here.