Business In The News South Africa

Durban company fined R30M for cartel conduct

JOHANNESBURG, May 10 – The Competition Commission on Thursday said it has fined Durban based company which manufactures unsaturated polyester resins, NCS Resins (Pty) Ltd (NCS), R29.7 million for cartel conduct. Spokesperson Sipho Ngwema said NCS admitted to price fixing and market division transgressions. “As part of its settlement agreement, NCS has agreed to cooperate fully with […]

Business In The News South Africa

Competition Commission seeks penalty against SA Airlink over pricing

JOHANNESBURG, February 14 – The Competition Commission said on Wednesday it had referred SA Airlink, a privately controlled regional feeder airline, to the Competition Tribunal for prosecution on charges of “excessive and predatory pricing”. The commission said this followed complaints lodged by businessman Khwezi Tiya, low cost carrier Fly Blue Crane and the OR Tambo District […]

Business In The News South Africa

Fresh produce market agents charged for price fixing

JOHANNESBURG, October 11 – The Competition Commission on Wednesday referred 14 fresh produce market agents and their association, the Institute for Market Agents of South Africa, to the Competition Tribunal for prosecution in relation to charges of price fixing and fixing trading conditions in contravention of the Competition Act. This follows search and seizure operations conducted by the Commission […]

Business In The News South Africa

Autoliv agrees to pay R150million for contravening SA competition laws

JOHANNESBURG, October 9 – Autoliv Inc, the world’s largest automotive safety supplier, has agreed to pay an administrative penalty of almost R150 million after admitting that it contravened the South African Competition Act, the Competition Commission said on Monday. The Commission said Autoliv has concluded a settlement agreement for its involvement in prohibited practices like price […]

Business In The News South Africa

SA Competition Commission drops cancer drugs investigation against Aspen

JOHANNESBURG, October 4 – The Competition Commission on Wednesday dropped its investigation into allegations that pharmaceutical companies, Aspen Pharmacare Holdings and Equity Pharma, were involved in excessive pricing. The Commission had in June initiated three investigations against both companies for suspected abuse of dominance and excessive pricing in the provision of specific cancer medicines in South Africa. Five dominant […]

Business In The News South Africa

Competition Commission prosecutes beef supplier and juice maker for dividing markets

JOHANNESBURG, September 13 – The Competition Commission said on Wednesday that a beef supplier and juice making company have been prosecuted for dividing the markets. Beefcor and Cape Fruit Processors (CFP) have been charged with division of markets by allocating customers in contravention of section 4 of the Competition Act. Beefcor operates in Bronkhorstspruit on the […]

In The News South Africa

Gauteng furniture removal companies charged for fixing e-toll levy charge to customers

JOHANNESBURG, September 12 – The Competition Commission said on Tuesday that eleven furniture removal companies and the movers’ association to which they belong are to face prosecution in the Tribunal for price fixing, involving the e-tolls levy they charge customers who transport belongings on Gauteng highways. The companies are: Northern Provinces Professional Movers Association of South […]

Business In The News South Africa

Metrofile gets green light for R75million acquisition of Tidy Files

JOHANNESBURG, August 28  – Records and information management firm, Metrofile Holdings, announced on Monday that the Competition Commission had approved its 100 percent acquisition of Tidy Files, a provider of end-to-end document management and storage solutions in Southern Africa. Tidy Files is renowned for the design, supply and implementation of paper-based and electronic document and records […]

Business In The News South Africa

Vodacom to refund customers after disappearing data crisis

JOHANNESBURG, August 22 – Vodacom on Tuesday said it was refunding airtime and data to customers whose data mysteriously disappeared.   The largest mobile operator in South Africa trended on social media on Monday evening with subscribers complaining that their data and airtime was disappearing.   Responding to the complaints on Monday night Vodacom apologised and said technicians […]

Business In The News South Africa

Growthpoint Properties a step closer to wholly owning N1 City Mall

JOHANNESBURG, August 11 – JSE-listed Growthpoint Properties got one step closer to acquiring N1 City Mall from Redefine Properties after the Competition Commission recommended to the Competition Tribunal that its proposed merger be approved without conditions. The 64,000m2 N1 City Mall, with over 140 stores, is situated in Goodwood, Cape Town, and is jointly owned by Growthpoint and Redefine. The […]