Business In The News South Africa

Another cartel? Competition Commission raids fruit and veg agents

JOHANNESBURG, March 23 – The Competition Commission on Thursday conducted a search and seizure operation at the premises of nine fresh produce market agents at the Tshwane Market in Pretoria and the Joburg Market in Johannesburg. The search and seizure operation is part of an investigation into cartel conduct which was reported by the Department […]

Business In The News International

Ferrari joins forces with Hublot to create outrageously luxurious watch for its 70th birthday

CAPE TOWN, March 23 – In a dispatch that seemed to have come from another universe altogether we received the news this week that Ferrari and Hublot have joined forces to design a super special edition watch. What better way for an ageing Italian marque to celebrate its 70th birthday than with an outrageously luxurious […]

Business In The News South Africa

Blinkwater Mills fined R10mln for fixing maize meal prices

JOHANNESBURG, March 17 (ANA) – The Competition Commission on Friday, welcomed a decision by the Competition Tribunal confirming its R10 million settlement agreement with Blinkwater Mills, a maize milling firm based in Middelburg, Mpumalanga. Blinkwater has agreed to pay a fine amounting to R10,112,504.20 for colluding with other maize milling firms to fix the price […]