R/€ = 15.10Change: 0.02
R/$ = 13.30Change: 0.10
Au 1154.38 $/ozChange: 10.23
Pt 980.00 $/ozChange: 27.00
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?

And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters About Us
RSS Feed
Article   Comments   Other News   Research   Magazine  
Aug 07, 2012

Telkom fined R449m for market abuse

© Reuse this

The Competition Tribunal on Tuesday ordered telecommunications firm Telkom to pay R449-million for abusing its dominance in the South African telecommunications market over a five-year period.

The tribunal gave the JSE-listed group six months to pay the first half of the fine, with the balance to be paid 12 months thereafter.

The Competition Commission found Telkom guilty of charging excessive prices and engaging in uncompetitive behaviour between 1999 and 2004.

The commission initially sought a penalty of up to R3.5-billion, which spurred a delegation of over 3 500 Telkom employees to present written pleas to the commission to consider the employees’ job security.

The tribunal said in its judgement that Telkom, leveraging its monopoly, caused “harm to both competitors and consumers”, while hindering competition and innovation in the value-added network service (VANS) market.

The telecommunications group was found to have excluded competing VANS providers from the market by refusing to supply essential access facilities to independent VANS providers, charging the smaller players excessive prices to access services, and encouraging customers of the independent groups not to deal with them.

Telkom responded in a statement to shareholders that it was examining the judgement and its implications.

Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
© Reuse this Comment Guidelines (150 word limit)
Other Telecoms News
South Africa requires nearly 160 000 km of fibre to connect all of its citizens to broadband, but a gap of around half remained, the Council for Scientific and Industrial Research’s (CSIR’s) Kobus Roux said on Thursday. Speaking at the CSIR’s fifth conference, in...
An explosion of successful digital technology hubs is leading to the replacement of large corporations as the launchpad for new innovations. Digital technology hubs were increasingly successful as they spawned the creativity, skills development and required...
Mobile operators have made a significant contribution to the Sub-Saharan economy in the last year, an international organisation has found. According to the GSM Association (GSMA), the mobile industry contributed $102-billion to the region’s economy, while operators...
Latest News
Updated 21 minutes ago Amid looming water shortages in the Cederberg and Matzikama local municipalities as a result of the low level of the Clanwilliam dam, the Western Cape government is closely monitoring the impact of unusually dry seasonal weather in some regions across the province....
Outgoing Seifsa president Ufikile Khumalo
Updated 34 minutes ago Downscaling by South African primary steel producers was “unavoidable” despite recent protection measures, outgoing Steel and Engineering Industries Federation of Southern Africa (Seifsa) president Ufikile Khumalo cautioned on Friday. Khumalo is also chairperson of...
Updated 38 minutes ago The 5.8 MW Adams and 5.8 MW Bellatrix solar projects, in the Western Cape, have been selected under the Department of Energy’s (DoE’s) Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), becoming the first projects under the programme to be...
Recent Research Reports
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
This Week's Magazine
BUSINESS LEADERS PANEL Adam Craker, Ivor Chipkin, Alan Hosking and Allon Raiz at the 6th IQ Business Active Growth conference
At the sixth IQ Business conference held in Sandton last month, a panel of business leaders and academics advocated that business reclaims the initiative to spur growth in South Africa amid fragmented and haphazard political direction. Management consulting firm IQ...
The building industry is an essential component of the South African economy as it contributes about 15% to the gross fixed investment that drives the economy. However, with the country’s economy going through a tough time currently, this, in turn, reflects on the...
The recipients of the 2015 South African National Energy Association (Sanea)/South African National Energy Development Institute Energy (Sanedi) Awards were announced at a ceremony and banquet in Sandton last month. Sanea chairperson Brian Statham named Exxaro CEO...
ASHER BOHBOT EOH’s corporate goals were originally aspirations, but the company is relevant and is making a difference in the territories it operates in
As South African information technology (IT) firm EOH posted another full year of strong growth, CEO Asher Bohbot, known for his frank words, people-centric management style and stoic humanism, attributed the company’s continued South African and African growth to...
International heavy-equipment engine manufacturer Cummins’ regional distribution centre (RDC) in Woodmead, Gauteng, has halved the average logistics distribution time for clients in Southern Africa and allowed for critical or long-lead stock to be kept closer to...
Alert Close
Embed Code Close
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96