Competition Act, 1998 (Act No. 89 of 1998)RegulationsConsumer and Customer Protection and National Disaster Management Regulations and Directions7. Penalties |
7.1. | A dominant firm that contravenes or fails to comply with regulation 4 must be investigated by the Competition Commission and, if found to be in contravention, is liable for the penalties imposed upon it as provided for in the Competition Act. |
7.2. | Subject to the requirements of the Competition Act, the Consumer Protection Act and the regulations published in terms of section 27 (2) of the Disaster Management Act, a person or firm which contravenes these regulations could have one of more of the following penalties imposed— |
7.2.1. | a fine of up to R1 000 000; |
7.2.2. | a fine of up to 10% of a firm's turnover; and |
7.2.3. | imprisonment for a period not exceeding 12 months. |