SMEs

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The Case for Patient Capital: Small Business Funding in South Africa

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The Case for Patient Capital: Small Business Funding in South Africa

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.

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Key aspects of South Africa's new public interest guidelines

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Key aspects of South Africa's new public interest guidelines

Teboho Bosiu

According to the South African Competition Act, the competition authorities are obliged to consider public interest grounds in merger analysis. The guidelines which were recently finalised by the Competition Commission of South Africa, and gazetted in 2 June 2016, seek to provide guidance on how the Commission will evaluate public interest considerations when evaluating mergers.