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Jul 15, 2010
The Competition Tribunal has confirmed a R12,8-million settlement agreement between the Competition Commission and Power Metal Recyclers. It said on Thursday that the settlement was 5% of Power Metal's turnover for the year ended February 2006.
Jul 14, 2010
The Competition Tribunal on Wednesday postponed its confirmation of the settlement agreement reached between the Competition Commission and Sasol, relating to allegations of abuse of dominance in the JSE-listed company's fertiliser business. Sasol spokesperson...
Jun 28, 2010
Article contains comments
The Competition Commission has requested the Competition Tribunal to levy an administrative penalty on 28 bicycle wholesalers and retailers that it believes had been involved in price-fixing activities during 2008. The firms were facing allegations that they...
Jun 23, 2010
The Competition Tribunal has confirmed a R13-million settlement agreement between petroleum products producer and marketer Masana Petroleum Solutions and the Competition Commission in relation to a bitumen and bituminous products price-fixing cartel. Following an...
May 28, 2010
South Africa's Competition Commission says it is giving "priority attention" to a letter written to it by Trade and Industry Minister Dr Rob Davies regarding the implementation, by ArcelorMittal South Africa (AMSA), of an "iron-ore" surcharge of R600-plus on every...
May 06, 2010
South Africa's Competition Commission confirmed on Thursday that it had raided the premises of four Gauteng electric-cable manufacturers, which it suspected of engaging in price fixing, market allocation and collusive tendering. The search-and-seizure operation...
Apr 22, 2010
Article contains comments
Over the past decade, some R1,1-billion worth of penalties have been collected from those South African companies that were found guilty of anticompetitive behaviour, and Economic Development Minister Ebrahim Patel said on Thursday that government planned to continue...
Apr 22, 2010
The Vehicle Security Association of South Africa (Vesa) has stated that there was a new vision and a new resolve in the organisation ensuring its independence and fairness. This came after a recent Competition Tribunal ruling, which found that the country's top...
Apr 08, 2010
Mar 30, 2010
Mar 15, 2010
Article contains comments
Mar 01, 2010
Feb 18, 2010
A new Competition Tribunal ruling in relation to incentive schemes implemented by South African Airway (SAA) between 2001 and 2005 has paved the way for Comair and Nationwide to claim damages from the State-owned airline, the Tribunal confirmed on Thursday. It had,...
Feb 08, 2010
Article contains comments
The Competition Tribunal on Monday dismissed the complaint brought forward by mining industry electronics equipment supplier AEC Electronics against the Department of Minerals and Energy (DME). "We neither have the competence to instruct a state functionary...
Jan 29, 2010
Article contains comments
JSE-listed aviation company Comair, which operates the and British Airways airlines in the Southern African region, has denied that there has been any collusion between local airlines around pricing for the 2010 FIFA World Cup. In a statement issued on...
Dec 08, 2009
The Competition Appeal Court (CAC) has again dismissed an application by milk processors Milkwood Dairy and Woodlands Dairy to have the ongoing milk cartel case against a number of milk processors, including themselves, set aside. The CAC this week dismissed an...
Dec 03, 2009
The Competition Commission on Thursday referred its findings of a price fixing and market allocation cartel in the manufacturing and supply of reinforcing mesh products market to the Tribunal for adjudication. The cartel involved companies such as Aveng, trading as...
Nov 13, 2009
The Competition Appeal Court has dismissed agricultural services company Senwes’ appeal against the Competition Tribunal’s February ruling that it had engaged in what was called a “margin squeeze”. It also rejected the Competition Commission’s cross-appeal against...
Nov 12, 2009
The Cement & Concrete Institute (C&CI) on Thursday emphasised that it has never been involved in, or aware of, any anti-competitive behaviour, either in its professional capacity or on behalf of any of its cement producing members. This followed on an announcement...
Oct 30, 2009
The Competition Amendment Bill, which was recently signed into law but was still awaiting promulgation, could change how companies regarded compliance regulation, the Competition Commission, Shan Ramburuth, told a gathering of business people on Friday. Speaking at...
Oct 23, 2009
One-off charges, most notably competition related fines, Inzalo share-based payment expenses and remeasurement items for the Escravos gas-to-liquids project, significantly affected South African petrochemicals giant Sasol’s operating profit figures for 2009.
Sep 30, 2009
Article contains comments
South Africa's Competition Commission on Wednesday announced the uncovering of an alleged mining-supply cartel. The findings of the commission have been referred to the Competition Tribunal, which has been asked to levy a penalty of 10% on the annual turnover of...
Sep 23, 2009
Economic Development Deputy Minister Gwen Mahlangu-Nkabinde on Wednesday expressed concern over the “merciless” way price fixing “has killed the conscience” of businesses, as well as over fraud and the mismanagement of corporate funds. She said she had difficulty in...
Jul 15, 2009
“I am not happy with the state of competition in South Africa – it is an area to be viewed with considerable concern,” said Competition Tribunal chairperson David Lewis on Wednesday. Addressing delegated gathered at the Neotel and Mail & Guardian business breakfast...
May 20, 2009
JSE-listed chemical services company, Omnia on Wednesday said it noted the comment by the Competition Commission, linking it to the Sasol Nitro collusion investigation, which was heard at the Competition Tribunal. “Notwithstanding recent media reports, the grounds...
May 20, 2009
The Competition Commission is proceeding with a new investigation of possible anticompetitive behaviour in the fertiliser industry, the commission’s economist and divisional manager of policy research Dr Simon Roberts confirmed on Wednesday. Addressing a Competition...
May 19, 2009
Article contains comments
Energy and chemicals group Sasol announced on Tuesday that, in line with an amended agreement reached with the Competition Commission, it had agreed to an even heftier fine of R250,68-million to settle competition breaches involving its fertiliser unit. Earlier, a...
May 11, 2009
Petrochemicals giant Sasol will meet with the Competition Tribunal next week to make submissions on a R188-million settlement it had agreed to with the Competition Commission last week, regarding uncompetitive behaviour in the fertiliser industry. The petrochemicals...
May 06, 2009
Petrochemicals firm Sasol will pay a penalty of R188-million for contravening South Africa’s competition legislation by fixing prices in the fertiliser sector. This fine is the highest settlement reached with the Competition Commission to date, and is based on 6% of...
Feb 05, 2009
South African Competition Tribunal chairperson David Lewis has been appointed interim chair of the International Competition Network (ICN) steering group. Lewis would take on the role until the next ICN yearly conference, to be held in Zurich, Switzerland, in June....
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