https://www.engineeringnews.co.za

CompComm cracks down on oils, margarine manufacturers

8th December 2016

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

Font size: - +

The Competition Commission on Thursday conducted a search and seizure operation at the premises of five South African companies involved in the manufacture and distribution of refined edible oils, baking fats and margarine, operating in Gauteng and KwaZulu-Natal.

The commission noted that it had reasonable grounds to suspect that Wilmar Continental Edible Oils and Fats, DH Brothers Industries, Willowton Oil and Cake Mills, FR Waring Holdings, Africa Sun Oil Refineries and Epic Foods have been engaging in cartel conduct, including price fixing in the market for the manufacture and distribution of refined edible oils, including baking fats and margarine. 

The alleged conduct is believed to have started before 2007 and is still ongoing.

The search and seizure operation was conducted as part of an ongoing investigation initiated by competition commissioner Tembinkosi Bonakele. During the search, the commission seized documents, records and electronic data, which would be analysed, together with other information gathered, to determine whether these companies were in contravention of the Competition Act.

The commission obtained search and seizure warrants from the High Courts in Gauteng and KwaZulu-Natal, respectively, in terms of the Competition Act. The operation was conducted with due regard for the rights of all the affected persons.

“Food and agroprocessing is an important focus area for the Competition Commission and we are determined to root out exploitation of consumers by cartels that are so prevalent in this sector. We have, in particular, been monitoring developments in the fats and oils markets and what we see is worrisome,” said Bonakele.

To watch Creamer Media's latest video reports, click here
 

Edited by Samantha Herbst
Creamer Media Deputy Editor

Comments

Showroom

John Deere (Pty) Ltd
John Deere (Pty) Ltd

In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.093 0.143s - 157pq - 2rq
Subscribe Now