https://www.engineeringnews.co.za
Mining|Services|Underground
Mining|Services|Underground
mining|services|underground

Tribunal approves Timrite, Tufbag consent agreement

28th February 2020

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

The Competition Tribunal has approved a consent agreement between the Competition Commission and two underground mine support bag suppliers that the commission had said contravened the Competition Act.

The commission had said in its referral of the matter to the tribunal that the companies, Timrite and Tufbag, in 2009 concluded a product supply agreement in terms of which Tufbag had an exclusive right to manufacture mining bags and Timrite had an exclusive right to distribute and on-sell mining bags manufactured by Tufbag.

The commission said this conduct may have amounted to market division by allocating specific types of services, in contravention of the Competition Act.

Timrite and Tufbag have agreed to pay a fine of R1-million each; however, the companies did not admit that their conduct contravened the Act.

The companies also agreed to implement and monitor a competition law compliance programme.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest News

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

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







sq:0.094 0.142s - 138pq - 2rq
Subscribe Now