Competition Tribunal to hear wire, nail price-fixing cartel allegations
The Competition Tribunal would this week hear the Competition Commission’s allegations of a price-fixing cartel in the galvanised wire and wire products industry, as well as in the nail supply sector.
Wire and wire products manufacturers Allens Meshco, Wireforce, Hendok, Independent Galvanising and Associated Wire Industries, trading as Meshrite, stood accused of fixing the prices – directly or indirectly – of light galvanised wire.
The commission alleged that the respondents, who were all competitors, contravened Section 4(1)(b)(i) of the Competition Act by fixing the prices of wire products, dividing markets by allocating customers and tendering collusively for the supply of cable armouring wire between 2001 and 2008.
Three of the respondents were further accused of forming a body called the Allens Meshco Group and either entered into an agreement or engaged in a concerted practice to fix the prices of nails since 2000.
The commission has requested that the tribunal fine the respondents a maximum 10% of their yearly turnover if found to have contravened the Competition Act.
The tribunal would consider the case from January 22 until February 4.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation