Collective counterveilence as a deterrent to entry: A reconsideration of the factors limiting competition in post-Apartheid South Africa

This paper argues first, that competition in post-Apartheid South Africa has to be viewed in the context of its history. If that is the case, second, the proliferation of firms in post-Apartheid South Africa is only nominally entry. It is on the one hand the result of a longer-term trend to create holding companies that emerged post-war and as a shortcut to accelerate ownership as part of the indigenisation imperative of Apartheid. What has...