Business In The News South Africa

Competition Commission swoops on pharmaceutical companies

PRETORIA, June 13 – The Competition Commission on Tuesday announced that it has initiated an investigation of anti-competitive conduct into companies in the healthcare sector relating to provision of cancer medicine in South Africa. The Commission said it would be investigating pharmaceutical giants like Roche Holding AG, Pfizer Inc, and Aspen for alleged excessive and […]

In The News South Africa

Competition Commission deputy robbed after being followed from OR Tambo airport

JOHANNESBURG, May 26 – South Africa’s Competition Commission has confirmed reports that its deputy commissioner, Hardin Ratshisusu, was a victim of an armed robbery in Johannesburg on Thursday night on his return from business in Botswana. Ratshisusu tweeted police minister Fikile Mbalula, saying: “Just been robbed at gunpoint from the airport, on Africa Day. Criminals […]

In The News South Africa

RSA Group denies being part of a cartel, claims Competition Commission’s allegations based on misconceptions

JOHANNESBURG, April 3 (ANA) – The RSA Group has denied involvement in the alleged collusion and cartel conduct of Gauteng fresh produce market agents, saying that the allegations were based on misconceptions of how the markets operate. The RSA Group, an agent that serves as a market intermediary between farmers and buyers of freshly produced […]

In The News South Africa

Competition Commission welcomes High Court ruling on margarine manufacturers cartel case

JOHANNESBURG, March 16 (ANA) – The Competition Commission on Thursday welcomed the outcomes of the proceedings in the High Courts in KwaZulu-Natal and Gauteng Divisions which prevented edible cooking oils and baking fats manufacturers accused of cartel conduct from effectively stopping the Commission’s investigation against them. DH Brothers Industries, trading as Willowton Oil and Cake […]

In The News

No other banks have sought a settlement like Citibank, says Competition Commission

PARLIAMENT – No other banks implicated in the currency rigging scandal have yet followed Citibank’s lead and sought a settlement agreement with authorities, the Competition Commission said on Tuesday. Commissioner Tembinkosi Bonakele told MPs: “There are no other settlements and there are no discussions to settle with other banks at this stage.” Bonakele said there […]