Business In The News

Aspen Pharmacare yet to engage Competition Commission over alleged abuse of dominance

JOHANNESBURG, June 14 – Aspen Pharmacare said on Wednesday that it has not had any engagement with the Competition Commission about allegations of abusing its dominance by charging excessive prices in the provision of lifesaving cancer medicine in South Africa. Aspen was named among three pharmaceutical giants, including Roche Holding AG and Pfizer Inc, that […]

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 […]

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 […]