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Competition Policy
COMPETITION ENFORCEMENT
Transnet unit raises price, supply concerns at Actom-Savcio hearings
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The Competition Commission told a Competition Tribunal hearing on Tuesday that it stood by its initial conditions on the proposed merger of electrical equipment manufacturer Actom and electrical service, repair and import company Savcio.
The...
By: Natasha Odendaal
07 Feb 12
CEMENT STATISTICS
Commission’s cement data restrictions questioned
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Construction development company Business & Marketing Intelligence (BMI) Building Strategy Research Unit principal consultant Dr Llewellyn Lewis has called on the Competition Commission to reverse its decision to prohibit the centralised...
Economic Crime
Senior management commit 36% of internal economic crimes in SA
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The prevalence of internal economic crimes committed by senior management in companies in South Africa has risen to 36% from 17% in 2009, reflecting these crimes’ requirements of sensitive information and sophisticated skills to perpetrate, says...
By: Schalk Burger
20 Jan 12
Competition Enforcement
Mining roof bolt cartel hearing to continue next week
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The Competition Tribunal will on Monday continue its hearings into the mining roof bolt cartel uncovered in 2009.
Manufacturers Dywidag-Systems International (DSI) and Videx Wire Products, the remaining respondents in the case, will present their...
13 Jan 12
MERGERS & ACQUISITIONS
Actom, Savcio merger hearing postponed
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The Competition Tribunal has postponed a hearing into the merger of electrical equipment manufacturer Actom and electrical service, repair and import company Savcio to next month, to allow Transnet Rail Engineering (TRE) time to submit its view on...
By: Natasha Odendaal
13 Jan 12
CORPORATE ACTIVITY
Competition bodies weigh PIC’s plan to convert Afrisam debt to equity
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South Africa’s Competition Tribunal has reserved judgment on a proposed merger involving the Public Investment Corporation (PIC) and cement producer Afrisam, after the Competition Commission proposed that the deal be approved with certain...
By: Terence Creamer
14 Dec 11
TRADE
SA wants development goal to top agenda at WTO meeting
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South Africa will urge member countries of the World Trade Organisation (WTO) not to hijack the development goals of the Doha round at the upcoming Ministerial conference in Geneva, Trade and Industry Minister Rob Davies said on Monday.
Davies...
By: Henry Lazenby
28 Nov 11
Business Rescue
Business rescue hampered by cumbersome licensing process
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Business rescue measures, brought into effect by the Companies Act (of 2008) in May, are not being effectively implemented because of a cumbersome business rescue practitioner licensing process, says Werksmans Attorneys director Eric Levenstein.
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