Competition Act, 1998 (Act No. 89 of 1998)NoticesDetermination of Merger Thresholds and Method of CalculationPart A : Determination of Thresholds1. Definitions |
In this notice any word or expression to which a meaning has be ascribed in the Act bears the same meaning as in the Act unless the context indicates otherwise, and
"G.A.A.P"
means generally accepted accounting practice in South Africa;
"the Act"
means the Competition Act, 1998 (Act No. 89 of 1998); and
"transferred firm"
means—
| (a) | a firm, or the business or assets of the firm, that as a result of a transaction in any circumstances set out in section 12 of the Act, would become directly or indirectly controlled by an acquiring firm; and |
| (b) | any other firm or business or assets of the firm, the whole or part of whose business is directly or indirectly controlled by a firm contemplated in paragraph (a). |
[Section 1 substituted by Notice No. 1003, GG 41124, dated 15 September 2017 - effective 1 October 2017]