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Aug 14, 2015
The Competition Commission has revised its service standards for Phase 3 large mergers and acquisitions (M&A), cautioning stakeholders in a statement on Friday that the turnaround time for these transactions had been extended to 120 business days. Revision of the...
Jul 23, 2015
The Competition Commission has filed an application with the Constitutional Court for leave to appeal a June decision by the Competition Appeal Court (CAC) to uphold Sasol Chemical Industries’ (SCI’s) appeal against a Competition Tribunal finding, which resulted in...
Jul 22, 2015
The Competition Commission has approved electrical and instrumentation solutions provider Zest WEG’s proposed acquisition of automation company TSS Engineering, TSS Transformers and Intertest, without conditions. Post-merger, Zest WEG would have sole control over the...
Jul 10, 2015
OVERCAPACITY The global steel industry is currently experiencing an oversupply of steel
Latin America nonprofit steel organisation Latin American Steel Association (Alacero) in June announced that the global steel industry calls on governments to take action against China’s new steel policy, Steel Adjustment Policy, and overcapacity. The association...
Jul 01, 2015
Economic Development Minister Ebrahim Patel
Some four years after the signing of the Local Procurement Accord, which sketches government’s intention to achieve a 75% localisation spend in the procurement of goods and services, Economic Development Minister Ebrahim Patel has described government’s greatest...
Jun 30, 2015
The Competition Commission has reached a settlement agreement with Japanese shipping liner Nippon Yusen Kabushiki Kaisha (NYK) for contravening the Competition Act in the transportation of motor vehicles to and from South Africa by sea. This settlement followed the...
Jun 26, 2015
The Competition Commission has given its approval for the intermediate merger between Chinese-owned Hebei Iron and Steel Group and Swiss steel trader Duferco International Trading Holding SA, with conditions.
Jun 17, 2015
Vodacom has expressed cautious welcome over one regulator's approval of its planned bid to buy Neotel. The Independent Communications Authority of South Africa (Icasa) earlier this week gave Vodacom the green light to buy Neotel for R7-billion.
Jun 12, 2015
Jun 11, 2015
May 25, 2015
May 22, 2015
 
 
 
Apr 15, 2015
Article contains comments
Colin Coleman
Leading global investment banking, securities and investment management firm Goldman Sachs is bullish on South Africa, which it regards as a favourable destination for fund managers because of the depth of its capital market and the scarcity of other emerging market...
Mar 31, 2015
The Competition Commission has appointed Bukhosibakhe Majenge legal services divisional manager, effective April 1. The commission advised on Tuesday that Majenge would take over from Wendy Ndlovu, appointed manager in the office of the Commissioner. Majenge had...
Mar 30, 2015
Article contains comments
The Airports Company South Africa (ACSA) has agreed to pay almost R2-million for fixing the prices of parking bays at OR Tambo International Airport in Johannesburg, the Competition Commission said on Monday. "In terms of the settlement, ACSA admits that it engaged...
Mar 27, 2015
POTENTIAL CONSEQUENCES There is no guarantee that an EPR tax will feed money back into developing the paper and packaging sector
Currently the paper industry is largely responsible for its own collections of recyclable paper needed as a raw material. Owing to transport and labour costs, collection  is an expensive exercise, a situation manufacturers can do little to improve, says Paper...
Mar 20, 2015
The Competition Commission of Friday conducted a search and seizure, or dawn raid, operation at the premises of Gauteng-based fire control and protections systems suppliers Belfa Fire, Cross Fire Management, Fire Control Systems, QD Air, Technological Fire...
Mar 19, 2015
JSE-listed construction major Group Five says its lawyers have advised it that there are “evidentiary hurdles” in two cases of alleged collusion referred to the Competition Tribunal by the Competition Commission. The commission on Tuesday referred a case of alleged...
Mar 17, 2015
Article contains comments
The Competition Commission on Tuesday referred a case of alleged collusive tendering against construction major Group Five to the Competition Tribunal after an investigation found sufficient evidence that the company allegedly colluded with counterparts WBHO and...
Mar 06, 2015
Mar 04, 2015
The Competition Commission on Wednesday referred three cases of alleged collusive tendering against construction company GVK Siyazama to the Competition Tribunal. The commission requested that a maximum penalty of 10% of GVK’s yearly turnover in respect of each...
Mar 04, 2015
Article contains comments
South Africa’s Construction Industry Development Board (CIDB) has summoned 15 construction companies to appear before an independent investigating committee for a formal inquiry in April. Following its own investigation into collusive practices in the construction...
 
 
 
 
Feb 24, 2015
Article contains comments
South Africa’s Competition Commission has referred a case of alleged indirect price fixing and market division against Natal Portland Cement Cimpor (NPC) to the Competition Tribunal for prosecution. The referral followed the commission’s investigation, between 2008...
Feb 23, 2015
JSE-listed Adcock Ingram has resolved to terminate its existing black economic-empowerment (BEE) transaction and replace it with a new, more sustainable BEE structure. The company noted that, given its depressed share price, the Adcock A and Adcock B ordinary shares...
Feb 19, 2015
The Competition Tribunal on Wednesday heard four settlement agreements between the Competition Commission and South African construction companies, which disclosed that they were involved in collusive activities with regard to cover pricing and tender agreements. On...
Feb 06, 2015
As the Competition Commission obtains and mulls the inputs in response to its recently published draft guidelines on public interest decisions in merger considerations, stakeholders have warned that public interest issues should not predominate at the expense of...
Feb 05, 2015
South Africa’s Competition Commission on Thursday invited the public to give their input on the submissions made to the commission by the private healthcare sector, as part of a market inquiry into the sector. In January last year, the commission launched the market...
Jan 26, 2015
A Competition Tribunal hearing into alleged cartel activity and price-fixing by several companies in the wire and wire products manufacturing industry was again postponed on Monday pending a decision by the Competition Appeal Court (CAC). Respondents Allens Meshco,...
Jan 23, 2015
The Competition Commission has castigated the respondents of a case involving alleged price-fixing in the wire and wire products manufacturing industry, accusing the companies of “abuse of process” by attempting to stall a Competition Tribunal hearing into the...
Jan 19, 2015
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,...
Jan 16, 2015
Jan 06, 2015
The Competition Commission has prohibited the proposed merger of Atterbell Investment – trading as Gallagher Convention Centre (GCC) – and Hosken Consolidated Investment (HCI), saying on Tuesday that the transaction would lessen competition in the local exhibition...
 
 
 
 
Dec 11, 2014
The Competition Commission has, following a commission meeting on Tuesday, recommended to the Competition Tribunal that the merger between information technology services group Dimension Data (DiData) and the three divisions of Internet service provider MWEB be...
Dec 10, 2014
Following engagements with several stakeholders which stressed the need for the development of rules governing administrative penalties, the Competition Commission has published for public comment draft guidelines for the determination of administrative penalties for...
Dec 05, 2014
Specialist intellectual property (IP) law firm Spoor & Fisher in collaboration with the Anton Mostert Chair of IP at Stellenbosch University in Cape Town, launched its new IP textbook, titled Dean & Dyer: Introduction to Intellectual Property Law, in Pretoria last...
Dec 04, 2014
Electric cable manufacturing company ATC has agreed to pay R80.7-million in an agreement with the Competition Commission after admitting to collusion, the Competition Tribunal said on Wednesday. The settlement agreement was confirmed as an order of the tribunal on...
Dec 03, 2014
Article contains comments
Nov 20, 2014
The Competition Commission would refer a case against Isipani Construction to the Competition Tribunal for its alleged involvement in collusive tendering for the building of the 2010 FIFA World Cup stadia. This followed an investigation of the firms that did not...
Nov 14, 2014
Power Technologies subsidiary Aberdare Cables has, in accordance with the Competition Commission’s corporate leniency policy, applied for leniency and been granted conditional immunity against prosecution by the Competition Tribunal in respect of a commission...
Nov 14, 2014
South Africa lost an estimated R17-billion worth of resources through disposal of waste to landfill in 2012, while the effects of resource scarcity and resource constraints are increasing globally. However, the value to the economy of additional recycling or recovery...
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...
 
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