Business Lead South Africa

South African Reserve Bank to challenge Public Protector’s CIEX report findings

JOHANNESBURG, June 20 – The South African Reserve Bank (Sarb) said on Tuesday that the Public Protector had no powers to direct Parliament to effect a Constitutional amendment to the powers of the Reserve Bank, saying that it would challenge her findings. This comes after Public Protector Busisiwe Mmkhwebane on Monday criticised Sarb for failing to […]

Business Lead South Africa

Competition Commission raids meat suppliers for suspected price fixing

JOHANNESBURG, June 14 – The Competition Commission raided 13 premises belonging to seven meat suppliers in three provinces on Wednesday morning as part of an ongoing investigation into the alleged fixing of prices and trading conditions. The Commission said it was conducting simultaneous search and seizure operations probing alleged contraventions of the Competition Act by […]