This paper attempts to map South Africa's institutional and policy framework and the context from which it has emerged since the demise of the apartheid state. Sections look at: the legal framework for competition and regulation in South Africa; regulation and competition in South Africa: the institutional framework; current policy setting for regulation and competition; metapolicy reform in South Africa; political, social and external influences; and identification of gaps in South Africa's current institutional and policy framework. It is concluded that the regulatory challenge in South Africa is to find the optimal balance between potentially conflicting economic and social objectives - between enhancing competition, reducing state debt increasing foreign direct investment flows, and facilitating economic growth and improved industrial competitiveness on the one hand and widening ownership in the economy and engagement at its commanding heights by historically disadvantaged South Africans according to the ideo-political agenda on the other. The catch-22 is that greater social delivery and development itself is constrained by slow economic growth.
Manchester, UK, CRC Working Paper, No. 47, 26 pp.