The South African economy needs a new approach to regulation, competition, and industrial policy to open the economy for greater participation, particularly by black industrialists, according to research released today by the Centre for Competition, Regulation and Economic Development (CCRED) at the University of Johannesburg.
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In a review paper, the Centre for Competition, Regulation and Economic Development notes that while competition policy has been successful in some areas, the competition authorities’ record in dealing with entry barriers constructed by incumbent firms to prevent or retard entry has been "mixed at best".