NEF and Competition Commission sign landmark MOU to entrench compliance and fair business practice
The National Empowerment Fund (NEF) and the Competition Commission of South Africa (CCSA) have signed a Memorandum of Understanding (MoU) aimed at fostering collaboration in key areas of economic development and market regulation.
The MoU outlines four primary areas of collaboration: merger control, development fund management, market research, and the establishment of an Employee Ownership Fund. These elements are designed to provide comprehensive support and drive sustainable growth for enterprises owned by historically disadvantaged persons (HDPs).
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