The Act deals with the anti-competitive conduct of businesses, which are not related to merit, innovation or efficiency. Examples include price fixing, bid-rigging and market sharing amongst competitors. The aim is to promote healthy competitive markets.
The CPFTA deals with unfair trade practices that result in a consumer being deceived or misled, or which take advantage of a consumer who is not in a position to protect his own interests. Examples of unfair trade practices include misrepresentation, use of small print to conceal a material fact from the consumer, exerting undue pressure on the consumer to enter into a transaction etc.
Both the CPFTA and Competition Act bring benefits to consumers, but in different ways. With the Competition Act, consumers benefit from more choices, lower prices and better products and services when businesses compete on merit. The CPFTA protects consumers from misleading or deceptive tactics that some businesses use when consumers enter into transactions with them.