Naspers' WeBuyCars acquisition should be blocked - Competition Commission

Bradley Prior

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#1

The_MAC

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#2
Used car industry is booming at the moment, new cars are just absolutely unaffordable for most.

New mid range car with insurance will set you back at least R6k pm

Add R4k to that and you could buy a house
 

ToxicBunny

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#3
Used car industry is booming at the moment, new cars are just absolutely unaffordable for most.

New mid range car with insurance will set you back at least R6k pm

Add R4k to that and you could buy a house
Very basic house, yes... but still...
 

deweyzeph

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#4
The government should keep its nose out of the business of private companies. Stop telling companies who they can employ, stop telling companies who they can do business with, and stop telling companies who they can acquire and merge with.
 

Wasabee!

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#5
The government should keep its nose out of the business of private companies. Stop telling companies who they can employ, stop telling companies who they can do business with, and stop telling companies who they can acquire and merge with.
Maybe you should peruse a high school economics text book...
 

deweyzeph

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#6
Maybe you should peruse a high school economics text book...
I am well-versed in micro and macro economics at a university level, thanks, however this just makes me all the more critical of state intervention in the market. The Competition Commission is a completely unnecessary intrusion into the operation of the free market. In fact it is completely hypocritical of the state to allow protected monopolies to develop when it suits them (think Eskom), but then sticks its nose into the private market and tries to artificially prevent monopolies from developing. Monopolies are only a problem when they are backed by the protection and law of the state. The free market is perfectly capable of handling the natural merger and breakup of private companies. In a free market monopolies ebb and flow as new startups with better ideas come along. A monopoly that has reached its sell by date will naturally decline if left to the free market. There is no need to regulate competition.
 
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