ARTICLES RELATING TO COLLUSION

Quotes of the week

2017-05-12 15:54

A selection of quotes from some of the stories that made news this week.

Power Construction faces prosecution as appeal fails

2017-05-03 18:28

The Competition Appeal Court has dismissed an appeal by Power Construction, which now paves the way for prosecution before the Tribunal relating to collusion.

Watchdog: Japanese car shipping firm faces 10 extra charges

2017-04-10 19:30

Japanese car shipping company K-Line is facing ten more charges of collusion, price fixing and market division, says the Competition Commission.

R10m price-fixing fine for Mpumalanga maize-milling firm

2017-03-19 11:09

Competition Tribunal approves settlement agreement of over R10m with Blinkwater Mills over price-fixing.

SA needs more banks owned by blacks - Dlamini-Zuma

2017-02-26 11:00

Former chair of the Commission of the African Union Nkosazana Dlamini-Zuma has given a glimpse of her thoughts on the recent banking saga.

Reject Citibank's rand-rig settlement - ANCWL

2017-02-21 13:31

The ANC Women’s League has called on the Competition Commission to cancel a settlement it reached with Citibank over the financial institution’s participation in collusion.

Collusion case strengthens Zuma's hand in battle with banks

2017-02-20 09:13

A finding by the Competition Commission that 17 banks colluded to rig foreign-currency trades will bolster accusations that banks are monopolising the financial system.

Business Leadership SA supports banks investigtion

2017-02-17 19:28

South Africa is founded on a free-floating currency and cannot be compromised by interference in the market, says Business Leadership SA, following banking collusion claims.

Zwane feels vindicated by bank collusion probe

2017-02-17 12:39

Mineral Resources Minister Mosebenzi Zwane says the probe into bank collusion “vindicates the call made last year for an investigation into the banks”.

Bank probe timing couldn’t be worse amid Gupta blacklisting - expert

2017-02-16 12:00

The decision to prosecute 17 banks for foreign exchange collusion is badly timed for South Africa's top four banks, who are trying keep the moral high ground.

 

Banks depict rand probe as vague, embarrassing

2017-05-11 08:39

Some of the banks accused of manipulating trades in the rand are objecting to the complaint by the Competition Commission, calling it vague and embarrassing.

Standard Bank: We are innocent

2017-04-30 06:01

The bank, claiming it has received no evidence of wrongdoing in the alleged currency price-fix cartel case, is seeking to compel the Competition Commission to provide it.

Pipes manufacturers colluded - Competition Tribunal

2017-03-26 15:24

The Competition Tribunal has confirmed that two pipes manufacturers colluded between 2007 and 2012 to divide markets in South Africa.

Commission clamps down on Toyota transport cartel

2017-03-06 15:36

The Competition Commission has referred for prosecution to the Competition Tribunal Kawasaki Kisen Kaisha, a Japanese company operating in South Africa.

Test of independence for Competition Tribunal

2017-02-23 10:45

Politicians are turning up the heat on the banks accused of collusion, but the competition regulator must do all it can to ensure that political pressure does not influence its decisions.

Commissioner grilled on banks collusion, impact on rand

2017-02-21 12:02

Although the rand is one of the most traded currencies in the world, there is no evidence yet that banks' collusive practices influenced its value, says the Competition Commissioner.

What's the harm?

2017-02-19 06:02

Contrary to popular belief, the collusive damage wrought by 17 banks may be relatively minor.

Competition Commission names 'currency colluders'

2017-02-17 13:41

The affidavit filed by the Competition Commission regarding currency price fixing by banks names the alleged rogue traders implicated.

Absa let off collusion fine as it helped regulators - source

2017-02-17 08:22

Barclays (which owns Absa) won’t be targeted for fines by the Competition Commission because they co-operated with regulators, according to people familiar with the matter.

Price fixing: Rogue traders or bank collusion?

2017-02-16 08:54

The Competition Tribunal will need to establish whether bank collusion to manipulate foreign-currency trades was done by rogue traders or whether it was more widespread.

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