Notice is hereby given to interested stakeholders and the general public that the Competition and Fair Trading Commission has commenced investigations against twenty one (21) manufacturers of assorted spirits and liquor products on allegations of supplying products which are likely to cause injury to health or do not comply with prescribed consumer safety standards.
The Board of Commissioners of the Competition and Fair Trading Commission (hereinafter referred to as ''The Commission") held its 48th Meeting in Lilongwe on 5th May 2017 to consider and adjudicate over cases relating to unfair trading practices, anti-competitive business conducts; and mergers and acquisitions. These cases were brought before the Commission in accordance with Section 8 of the Competition and Fair Trading Act.
In total, the Commission considered and adjudicated over a total of twenty-five (25) cases of which nineteen (19) were on unfair trading practices while the rest were on anti-competitive trade practices.
This statement provides a summary of the Commission's determinations of the cases.
CHARLOTTE WEZI MALONDA
The Competition and Fair Trading Commission (CFTC) launched investigation against Telekom Networks Malawi (TNM) Limited for alleged anti-competitive business practice in the sponsorship of the Super League of Malawi (SULOM). In its investigations the Commission collected information from various stakeholders in football and drew insights from other football jurisdictions.
It has come to the attention of the Competition and Fair Trading Commission that the Medical Aid Society of Malawi (MASM) has not scrapped off shortfalls on medical bills to members, contrary to claims that the Society has been making in radio advertisements over the past few months. Read more
The Board of Commissioners (hereinafter referred to as ''The Commission") of the Competition and Fair Trading Commission held its 47th Meeting in Lilongwe on 3rd February 2017 to consider and adjudicate over cases relating to unfair trading practices, anti-competitive business conducts and mergers. These cases were brought before the Commission in accordance with Section 8 of the Competition and Fair Trading Act. Read more
The Competition and Fair Trading Commission (CFTC) has been awarded for its outstanding performance in public service delivery in the 2015/16 financial year.
The award was presented during the launch of the Managing for Development Results Learning Week on 24th January 2017 at Bingu International Conference Centre in Lilongwe. The week which is themed Embracing a Results Culture will run through Friday 27th January 2017. The award was based on the Organisation Performance Agreement that the Commission signed with the Office of the President and Cabinet.
At an Extraordinary Meeting of the SADC Standing Committee on Competition and Consumer Law and Policy today, chaired by Swaziland, SADC competition authorities approved and adopted detailed frameworks for future cooperation on mergers and cartel investigations.Read more
The Competition and Fair Trading Commission (CFTC) has noted with great concern that some companies in Malawi are consummating mergers or acquisitions without seeking authorization from the CFTC as provided for under the Competition and Fair Trading Act, Cap 48:09 of the Laws of Malawi (CFTA).
The Commission wishes to remind all persons who may have entered into a merger transaction without seeking authorisation from the Commission or those intending to enter into a merger transaction that they should seek authorisation from the CFTC. This will enable the Commission undertake a thorough assessment to determine whether the merger or acquisition is likely to result in substantial lessening of competition.
The Commission would, therefore, like to warn the business community that it is illegal for anyone to consummate a merger or an acquisition that is likely to negatively affect competition in any market in Malawi without authorisation from the Commission. The Commission will investigate any merger or acquisition for possible violation of the Act if the transaction is not voluntarily notified to the Commission. Parties to such merger transactions risk prosecution and huge penalties will be imposed on all firms found to have consummated mergers in violation of CFTA provisions.
CHARLOTTE WEZI MALONDA