https://www.engineeringnews.co.za

Comp Comm refers fishing collusion case findings to tribunal

Comp Comm refers fishing collusion case findings to tribunal

Photo by Bloomberg

20th March 2014

By: Natalie Greve

Creamer Media Contributing Editor Online

  

Font size: - +

The Competition Commission has referred its findings of cartel conduct against Pioneer Fishing and Blue Continent Products (BPC) to the Competition Tribunal, recommending that it impose an administrative penalty on Pioneer not exceeding 10% of its yearly turnover.

No administrative penalty was sought against BPC as it had been granted conditional leniency in terms of the commission’s Corporate Leniency Policy.

Both were fishing companies that operated in the market for the supply of horse mackerel to local and export markets.

The commission found that, between 2008 and at least 2010, Pioneer and BCP agreed to divide the market for the supply of horse mackerel by allocating territories and customers.

The parties entered into a suite of agreements relating to the sale and supply of horse mackerel within certain markets, such as Limpopo, Mpumalanga and North West provinces.

“This referral is yet another confirmation of the correctness of our focus on food and agroprocessing, a sector that has a direct impact on consumers,” said acting commissioner Tembinkosi Bonakele.

The decision by the commission followed an investigation initiated in March 2011.

Edited by Tracy Klückow
Creamer Media Contributing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Trotech
Trotech

Design, Construction and Maintenance of Site Erected, Welded Bulk Storage Tanks for the Petrochemical, LNG, Ammonia and Sustainable fuel Sectors.

VISIT SHOWROOM 
Flanders Electrical SA
Flanders Electrical SA

FLANDERS Southern Africa provides integrated solutions for mining and industrial operations, covering field services, automation, electrification,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.057 0.825s - 155pq - 2rq
Subscribe Now