New South African competition laws to target senior officials

CAPE TOWN (Reuters) - Amendments to South Africa's competition law will come into effect on May 1, taking aim against top executives who would face jail time for collusion or taking part in cartel behaviour, a cabinet minister said on Thursday. Economic Development Minister, Ebrahim Patel, who oversees competition authorities, said the new laws will not be applied retrospectively as Africa's most industrialised economy clamps down on anti-competitive behaviour. (Reporting by Wendell Roelf; Editi