The Economic Regulation of Transport Act, 2024 (Act No. 6 of 2024)Chapter 4 : Establishment of InstitutionsPart A : Transport Economic Regulator38. Functions of Regulator |
The Regulator must carry out the functions and exercise the powers assigned to it by or in terms of this Act or any other national legislation and, in particular, must—
| (a) | exercise economic regulation of transport facilities and services in line with national strategic objectives; |
| (b) | regulate the provision of adequate and efficient transport facilities and services; |
| (c) | promote efficiency in transport facilities and services by facilitating competition, where possible, and implementing regulations; |
| (d) | promote equitable access to transport facilities and services; |
| (e) | promote appropriate, adequate and efficient investment in transport facilities and services; |
| (f) | research market structures and service delivery to determine whether or not particular entities, markets, facilities or services within the transport sector are functioning competitively; |
| (g) | conduct market inquiries in accordance with section 43(2)(b); |
| (h) | determine price controls for transport facilities and services in accordance with Part A of Chapter 3 and, for that purpose, may determine methods of price regulation as appropriate for the economic circumstances of regulated entities; |
| (i) | monitor and enforce compliance with this Act and with any service levels and other conditions of price controls; and |
| (j) | investigate complaints contemplated in section 15, and initiate investigations in terms of section 17(2). |