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 […]

Business In The News South Africa

Competition Commission calls for submissions into public transport market inquiry

JOHANNESBURG, July 17 – Competition between the traditional metered-taxi industry and ride-hailing app Uber will come under scrutiny when the Competition Commission begins a market inquiry into the public passenger transport sector. The market inquiry comes after the Commission received numerous complaints relating to public transport in the country. The metered taxi industry has been […]

Business In The News South Africa

Commission fines two chemical companies R37mln for cartel conduct

JOHANNESBURG, July 13 – The Competition Commission said on Thursday that two companies involved in the manufacturing and supply of key chemical input materials used to make detergents, cosmetics and toiletries, have agreed to pay fines after admitting to price fixing and dividing markets. Investchem and Akulu Marchon are manufacturers and suppliers of a range […]

Business In The News South Africa

Mediclinic blocked from merging with Matlosana in Klerksdorp

JOHANNESBURG, July 6 – The Competition Commission on Thursday recommended to the Competition Tribunal that the proposed large merger whereby private hospital group  Mediclinic Southern Africa intends to acquire Matlosana Medical Health Services in North West be prohibited Matlosana Medical Health Services wholly owns and manages two multi-disciplinary private hospitals in Klerksdorp, the Wilmed Park Private […]

Business In The News South Africa

Competition Commission approves Tharisa Minerals acquisition of MMC Contracts

JOHANNESBURG, July 6 –  Tharisa Minerals announced on Thursday that the Competition Commission had approved its acquisition of MCC Contracts. Last month, Tharisa Minerals entered into a R303.3 million deal to purchase a portion of the mining fleet and transfer employees from its mining contractor in a bid to transition to an owner mining model. MCC Contracts […]

In The News South Africa

Brick manufacturrers charged for cartel conduct

JOHANNESBURG, July 5  – Corobrik, a well-known manufacturer and supplier of bricks, pavers including clay and concrete blocks in South Africa, and five other brick makers, have been charged for price fixing and division of markets, the Competition Commission said on Wednesday. This follows an investigation launched by the Commission in April against Corobrik, Era Bricks, Eston […]

Business Lead South Africa

Six Bloemfontein companies to be prosecuted for price fixing in relation to stationery tender

CAPE TOWN, June 28  – The Competition Commission on Wednesday said it had referred six Bloemfontein-based companies for prosecution for price fixing in relation to a Free State Provincial Treasury stationery tender. “The companies that have been charged are Catha Silkscreen Printers CC (Catha), Molemo Trading CC (Molemo), Lounge 848 CC, Nakanyane Business Solutions CC, […]

In The News South Africa

Saftu condemns ‘extortion and profiteering’ by pharmaceutical monopolies, welcomes probe

JOHANNESBURG, June 17– The South African Federation of Trade Unions (Saftu) has welcomed the Competition Commission’s investigation into price fixing allegations against pharmaceutical companies following concerns raised by Advocates for Breast Cancer, the Cancer Alliance, the Cancer Association of South Africa, and Section27. “The pharmaceutical companies that are currently being investigated include Roche, which supplies […]