ARTICLES RELATING TO COLLUSION

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.

Questions over timing of banks' collusion case

2017-02-15 18:15

The timing of the Competition Commission's price-fixing case involving 17 banks seems suspicious, according to the Democratic Alliance.

Call for Sanral to probe construction firms for price-fixing

2017-02-06 14:21

Civil rights body Outa wants Sanral to take local construction companies to task over price collusion.

 

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.

Price fixing: Punish guilty banks harshly, urges ANC

2017-02-15 20:36

The ANC has lashed out at banks accused of manipulating foreign currency trades, with the SA Reserve Bank saying it sees the allegations in a serious light.

Competition Commission prosecutes banks for collusion

2017-02-15 16:08

The Competition Commission has referred a collusion case to the tribunal for prosecution against 17 banks, including three of South Africa's big banks.

Construction cartel: Firms agree to pay R1.5bn to fund

2016-10-20 17:49

Seven listed construction companies with a collective annual turnover of R9bn per annum will make generous contributions into a state developmental fund.

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