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Nov 12, 2015
South Africa’s Competition Commission and its Namibian counterpart this week inked a deal to formalise and promote cooperation in competition law and policy enforcement within the two Southern African countries. The memorandum of understanding, said to be the first...
Nov 06, 2015
The Department of Trade and Industry (DTI) is confident the US will reverse its decision to suspend some of South Africa’s African Growth and Opportunity Act (Agoa) benefits before the restrictions are implemented by the end of the year. Trade and Industry Minister...
Oct 29, 2015
The Competition Tribunal has approved a joint venture by Hollard Insurance and FirstRand (WesBank), called Newco, to provide vehicle financing, as well as insurance and noninsurance motor value-added products (VAP). While the matter was heard on Wednesday, judgment...
Oct 28, 2015
Competition Tribunal chairperson Norman Manoim has urged chartered secretaries and compliance officers to exercise caution during their governance of a company’s corporate activity, telling the Chartered Secretaries Southern Africa’s seventh yearly Corporate...
Oct 23, 2015
Petrochemicals group Sasol submitted an affidavit in August to the Constitutional Court in response to an application made by the Competition Commission in July for leave to appeal the Competition Appeal Court’s (CAC’s) June ruling to overturn a Competition Tribunal...
Oct 22, 2015
Liquid petroleum gas (LPG) company Totalgaz Southern Africa has signed an agreement to buy LPG bulk and cylinder distribution company KayaGas’s storage, filling and distribution assets. The transaction was subject to the approval of the South African Competition...
Oct 20, 2015
Article contains comments
Independent power producers (IPPs) active in South Africa could well have a legal case against energy utility Eskom, should the parastatal be found to have breached the ambits of the Competition Act by denying them access to the national electricity grid to...
Oct 20, 2015
Taking over from Junior Khumalo, who has resigned to take up a role at the Independent Communications Authority of South Africa, Nompucuko Nontombana has been appointed as the Competition Commission’s enforcement and exemptions division’s manager, with effect from...
Oct 16, 2015
Oct 14, 2015
Oct 14, 2015
Article contains comments
Oct 12, 2015
Oct 09, 2015
The first phase of the repair and modernisation of the deep water port of Nacala, in Nampula province in Mozambique, is close to being concluded, the Macauhub news agency has reported. This phase will result in the port having new container and fuel terminals, plus a...
Sep 29, 2015
A new survey has revealed that despite an uncertain economy and plunging business confidence, nearly half of South African businesses have explored merger and acquisition (M&A) opportunities. Auditing and accounting firm Grant Thornton said that, at 49%, the...
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
The Competition Commission has recommended that the Competition Tribunal approve without conditions the R44.4-million acquisition of Astrapak-owned Cinqpet and certain related assets by polyethylene terephthalate (PET) product manufacturer Boxmore. Cinqpet’s business...
Jun 11, 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.
May 25, 2015
The Competition Commission has referred a case of alleged collusion against JSE-listed construction materials company Dawn, along with its subsidiaries DPI Plastics, Ubuntu Plastics and Sangio Pipes, to the Competition Tribunal for prosecution. The commission alleged...
May 22, 2015
The redraft of South Africa’s intellectual property (IP) policy could have significant ramifications for the pharmaceutical industry, says specialist IP law firm Spoor & Fisher partner David Cochrane. He suggests that the redraft was partially prompted by the...
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...
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