Question NW3794 to the Minister of Economic Development

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17 November 2015 - NW3794

Profile picture: Cardo, Dr MJ

Cardo, Dr MJ to ask the Minister of Economic Development

What is his policy position with regard to merging industry regulators with the competition authorities in order to increase their capacity and powers?

Reply:

Government is currently building the capacity of economic regulators, who play a vital part in allocation of scarce resources, price-setting in monopoly markets and regulating conduct.

The BRICS Conference on Inclusive Growth and Competition held in November 2015, brought together economic regulators from the five BRICS countries as well as from elsewhere on the continent and from developed countries, to share experiences and insights.

As part of the work with regulators, we will be exploring the possibility of further consolidation of regulators and balance the specialist expertise that may be located within sector regulators with the broader economic and legal capacity that the competition authorities have built up over the years.

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