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 […]

Business In The News

Afrimat referred to Competition Trubunal over abusing market dominance

JOHANNESBURG, April 3 (ANA) – The Competition Commission on Monday referred Afrimat for prosecution to the Competition Tribunal for allegedly abusing its dominance in the clicker bricks industry by charging excessive prices. Afrimat, the leading black empowered open pit mining company, is the supplier of clinker ash. Clicker ash aggregate is a main ingredient in […]

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 […]