Competition in any marketplace, for the production or supply of goods or services, is necessary for achieving economic growth and development. Competition policy is formulated to encourage, improve, and protect the competition process for the benefit of consumers through monitoring and regulating business conduct that is actually or potentially anti-competitive ...
Competition in any marketplace, for the production or supply of goods or services, is necessary for achieving economic growth and development. Competition policy is formulated to encourage, improve, and protect the competition process for the benefit of consumers through monitoring and regulating business conduct that is actually or potentially anti-competitive and capable of depriving consumers of the benefits associated with a competitive market....,.
The scope and purpose of the Competition Act [Chapter 14:28], as provided for in the Act's long title, reads as follows:
“AN ACT to promote and maintain competition in the economy of Zimbabwe; to establish an Industry and Trade Competition Commission and to provide for its functions; to provide for the prevention and control of restrictive practices, the regulation of mergers, the prevention and control of monopoly situations and the prohibition of unfair trade practices; and to provide for matters connected with or incidental to the foregoing.”
It is clear from this title that, among other things, the Competition Act aims to promote and maintain competition in the economy by regulating anti-competitive mergers.
