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Oct 20, 2014
JSE-listed Metair Investments on Monday assured shareholders that no member of its group had been implicated or listed in connection with the Competition Commission’s investigation into alleged collusion within the South African automotive component industry. The...
Oct 07, 2014
The Competition Commission was mulling the reopening of an investigation into exclusivity clauses placed within long-term lease agreements between owners of large retail shopping centres and retail anchor tenants across the country after complaints from commercial...
Oct 06, 2014
Two acting deputy commissioners for the Competition Commission have been appointed for a six-month term starting October 1, as a process for permanent appointments for these roles continued. Economic Development Minister Ebrahim Patel reappointed Advocate Oliver...
Sep 04, 2014
Article contains comments
Economic Development Minister Ebrahim Patel
Economic Development Minister Ebrahim Patel has hinted to further amendments to South Africa’s Competition Act – changes that could increase the powers of the competition authorities to influence the industrial structure of the economy through forced divestiture and...
Aug 15, 2014
Article contains comments
The Competition Commission planned to deliver the results of a liquefied petroleum gas (LPG) market inquiry by March 2016 – six months later than anticipated. The market inquiry, which would now kick off on September 15, had initially been scheduled to start in June...
Jul 14, 2014
The European General Court has more than halved a 2008 fine incurred by Sasol Wax for its involvement in the European paraffin wax cartel. Sasol Wax’s penalty of €318.2-million, said at the time to be the biggest fine imposed on a South African company, was reduced...
Jul 11, 2014
Financial services firm Barclays Africa local subsidiary Absa provided a R8.2-million loan and South African retail giant Massmart provided a 10 000 t-a-year offtake agreement that enabled a new maize miller to enter the South African market. The new miller, Lethabo...
Jul 07, 2014
The South African Poultry Association (Sapa) has welcomed antidumping action taken by the International Trade and Administration Commission of South Africa (Itac) against European Union (EU) countries found dumping poultry products in South Africa. Preliminary...
Jun 06, 2014
Apr 09, 2014
Article contains comments
Mar 19, 2014
Feb 21, 2014
Article contains comments
Jan 28, 2014
The Competition Commission has, with conditions, approved the sale of explosives and chemicals company AECI’s vacant land in Modderfontein to Chinese diversified property development company Shanghai Zendai Property. The transaction involved the acquisition of about...
Jan 13, 2014
Incoming Competition Commission chief economist Liberty Mncube
The Competition Commission has appointed Liberty Mncube chief economist and manager of the policy and research division, Junior Khumalo divisional manager of enforcement and exemptions and Thomas Kgokolo CFO, effective January 1, it announced on Monday. Most recently...
Dec 05, 2013
The Competition Tribunal is next week set to hear a case relating to the proposed acquisition of Pfizer Nutrition’s baby milk range of products by Aspen Nutritionals and will hear testimony from 17 witnesses, as well as a representative of the Competition Commission,...
Nov 29, 2013
The Competition Commission has gazetted the terms of reference for the market inquiry into private healthcare, it said on Friday. This was in accordance with the provisions of the Competition Act, which state that an inquiry can start 20 business days after gazetting.
Nov 15, 2013
QUALITY INFRASTRUCTURE WSP Consulting’s involvement with the Green Buildings Council, provides the firm with the opportunity to shape the industry in terms of setting benchmarks for good practice
The current emphasis on the procurement of consulting engineering services, based on the lowest price offered by the competing firms, has put the sustainability of the consulting engineering industry at risk, says international consulting engineering firm WSP...
Nov 15, 2013
The mandate of the Presidential Infrastructure Coordinating Commission (PICC) to develop a 20-year pipeline of infrastructure and construction projects allows for long-term planning and investment by public- and private-sector companies.
Nov 15, 2013
The Construction Sector Charter Council (CSCC) believes that, to transform the construction sector, reliable data is necessary to assess the progress of and identify the barriers to transformation and to determine strategies to resolve these.
Nov 11, 2013
Competition Tribunal chairperson Norman Manoim
South Africa’s Competition Tribunal reports that it will increasingly explore “creative remedies” for contraventions of the Competition Act in an effort to demonstrate more immediate and tangible market benefits as a result of determinations, or settlement...
Oct 21, 2013
Economic Development Minister Ebrahim Patel appointed Thembinkosi Bonakele as the new acting competition commissioner on Sunday, the department said. Spokesperson Manelisi Wolela said Bonakele was appointed with effect from October 21, for a period of six month.
Sep 19, 2013
The Competition Tribunal on Tursday dismissed an application by Advocate Simba Chitando for relief against what he called racist and anticompetitive briefing patterns by fellow advocates and law firms operating in the area of shipping law. The tribunal found that...
Sep 17, 2013
The World Economic Forum’s Global Competitiveness Report for 2013/14’s top-ten ranking for the effectiveness of South Africa’s antimonopoly policy, was encouraging, the Competition Commission said on Tuesday. South Africa had ranked at number eight, out of 148...
Aug 23, 2013
The pending Protection of Personal Information (PoPI) Bill will enable more trade and information flows with other countries that have privacy laws, as well as provide businesses with opportunities to reduce the costs of storing unnecessary data, says advisory firm...
Aug 14, 2013
Construction firm Stefanutti Stocks has received Competition Tribunal approval, in a record four hours, for the acquisition of one of beleaguered First Strut’s subsidiaries. Engineering firm Energotec would be merged into Stefanutti, saving over 660 jobs and ensuring...
Aug 12, 2013
The Competition Tribunal was expected to hear the settlement cases of JSE-listed construction firms Stefanutti Stocks and Hochtief Construction this week after the parties admitted to collusive behaviour and agreed to further penalties. Stefanutti was, in June, given...
Aug 09, 2013
Jul 31, 2013
JSE-listed construction firm Stefanutti Stocks this week agreed to pay a further R55.8-million penalty to the Competition Commission. The latest fine was for contracts that had fallen outside the Construction Fast-Track Settlement Process, which was initiated by the...
Jul 30, 2013
Jul 23, 2013
The Competition Tribunal on Wednesday confirmed the last of the settlement agreements between the Competition Commission and 15 major construction firms which had admitted to collusive tendering in contravention of the Competition Act. This came as the tribunal...
Jul 22, 2013
The Competition Tribunal on Monday confirmed all but two of the construction settlement agreements between the Competition Comission and 15 major construction firms. Last week, the tribunal heard the settlement agreements between the commission and the construction...
Jul 19, 2013
The Competition Tribunal would on Monday resume its hearing into a complaint, brought by the Competition Commission against South African Breweries (SAB), in December 2007, regarding the company’s distribution system and claims that it abused its market dominance....
Jul 19, 2013
Importing cheaper mechanical-power-transmission products is not only becoming popular on the South African market but is also contributing to the current flatline state of the mechanical transmission industry, states transmission company Bibby Turboflex.
Jul 15, 2013
The Competition Tribunal will, this week, hold hearings related to the Competition Commission’s R1.46-billion settlement with 15 construction firms found guilty of collusive tendering, as well as the commission’s R200-million settlement with telecoms group Telkom...
Jun 27, 2013
Business Leadership South Africa (BLSA) has called on the companies penalised by the Competition Commission for anticompetitive behaviour to reveal what action had been taken against those involved and what provisions were in place to prevent future collusion....
Jun 24, 2013
Article contains comments
The Competition Commission has fined 15 major construction firms a collective R1.46-billion for “rampant” collusive tendering related to projects concluded between 2006 and 2011, it revealed on Monday. These penalties were the result of the Construction Fast-Track...
Jun 21, 2013
South Africa is moving to include special economic zones (SEZs) into its industrial and economic development toolbox in the hope that they will help stimulate fixed investment, partiularly investment that can contribute to the country’s reindustrialisation thrust.
Jun 07, 2013
A Competition Tribunal-approved amended settlement agreement between the Competition Commission and Airports Company South Africa (ACSA) would see the airport operator issue a new tender for taxi services from the OR Tambo International Airport and initiate more...
Jun 07, 2013
The Step-Up Technology Innovation Competition aims to secure several innovative ideas, processes, technologies and products, which will then be incubated and developed for commercial application, and will run until the end of September this year, says development...
Jun 03, 2013
JSE-listed Aveng on Monday said its Aveng Africa subsidiary was awaiting the disclosure by the Competition Commission of the penalty to be levied against it, after it had entered into a settlement agreement with the commission. This followed the launch of a broad...
May 24, 2013
Article contains comments
Software development and knowledge will be critical to the success of engineering, manufacturing, business and other key areas of economic competitiveness of countries. Africa must focus strongly on developing young software programmers and coders to enable its own...
May 24, 2013
Pharmaceutical companies in South Africa are granted patents, and thus a monopoly on the local market, to incentivise research and development (R&D) within the pharmaceutical field, and not to hike prices, as many people believe, says patent law firm Spoor & Fisher....
May 07, 2013
The total value of rigged construction industry projects being investigated by the Competition Commission is much higher than expected at R47 billion, Economic Development Minister Ebrahim Patel said on Tuesday. Speaking in the National Assembly during debate on his...
May 07, 2013
The Competition Commission (CC) will start a long-awaited market inquiry into pricing in the private healthcare sector in September, Economic Development Minister Ebrahim Patel announced on Tuesday. Speaking during debate on his budget vote in the National Assembly,...
Apr 23, 2013
Construction cartels could learn their fate as early as June, the Construction Industry Development Board (CIDB) told MPs on Tuesday. Briefing Parliament's public works committee, CIDB chairman Bafana Ndendwa said he was updated by the Competition Commission last...
Apr 18, 2013
Article contains comments
Aspen Group has acquired Nestlé South Africa’s infant nutrition businesses, which distribute a portfolio of infant nutrition products in Australia and certain Southern African territories, for $215-million. This came shortly after the Competition Tribunal earlier...
Apr 12, 2013
Article contains comments
The Competition Tribunal will begin hearings on May 13 into an excessive-pricing referral made by the Competition Commission in 2010 against Sasol regarding the sale of propylene and polypropylene to domestic plastic converters between 2004 and the end of 2007. It is...
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