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Parliamentary committee supports the Competition Commission’s work in addressing market misconduct

# Parliament’s portfolio committee on Trade, Industry and Competition says it supports the work of the Competition Commission to address market misconduct, implement pro-competitive measures in heavily concentrated sectors, and promote competitive tech markets. The commission briefed the committee on the implications of the Constitutional Court’s judgement on the ongoing rand manipulation case involving 28 banks. The committee’s chairperson, Mmusi Maimane, says competition matters, such as over-concentration and rand manipulation, eventually impact the cost of living, the ability of previously disadvantaged individuals to access markets and attract investment.