Aberdare under fire

2010-05-08 00:00

ALTHOUGH the Competition Commission raided the offices of four major cable groups this week, officials did not visit the office of Aberdare Cables in Pietermaritzburg.

The Competition Commission launched an investigation into certain alleged prohibited practices in the power cable market against Aberdare Cables (Pty) Limited, Alvern Cables, South Ocean Electric Wire Company and Tulisa Cables on Thursday.

The head of communications at the Competition Commission of SA, Keitumetse Letebele, told The Witness yesterday that Aberdare’s operation in Pietermaritzburg was not raided.

She added that they are uncertain of the likelihood of a future raid of the Pietermaritzburg operation, as this will depend largely on information they receive during the investigation.

Aberdare, which is a member of the Powertech Group, is a leading African manufacturer of cables, with five manufacturing sites located in South Africa and Southern Africa, including one in Pietermaritzburg at Mkondeni.

“Both Power Technologies (Pty) Limited and Aberdare Cables management are co-operating fully with the authorities and have taken the allegations made by the Competition Commission against Aberdare Cables on advisement with their external legal advisers. Further communication to shareholders will be made once certain investigations have been completed,” said Altron, the parent company of Powertech in a statement this week.

Efforts to obtain comment from Aberdare Cables yesterday proved unsuccessful.

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