ARTICLES RELATING TO PRICE FIXING

Fresh food producers lose court bid to stop cartel probe

2017-05-12 18:27

The Competition Commission has welcomed a high court decision to set aside, with costs, a bid by fresh produce agents to stop its investigation into alleged cartel activity.

Tribunal to prosecute bricks company with Eskom links

2017-04-02 11:58

The Competition Commission has referred a company, which has an exclusive contract with Eskom, for prosecution in the Competition Tribunal for abusing its market dominance..

Competition Commission spreads tentacles in fruit & veg crackdown

2017-03-24 15:45

The Competition Commission has extended its search and seizure operation involving fresh produce market agents to premises in Cape Town and Durban.

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.

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.

 

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.

Fruit and veg cartel allegation is 'ludicrous'

2017-03-26 11:52

Major fresh-produce market agents this week lashed out in response to accusations that they were operating a cartel to push out small competitors and fix the commissions they charged South Africa’s farmers.

Competition Commission raids fresh produce market 'cartel'

2017-03-23 12:26

Competition Commission targets nine fresh produce market agents in a raid over alleged price-fixing.

SA job recruiters charged for price fixing

2017-03-09 10:29

The Competition Commission has referred three recruitment specialists to the Competition Tribunal on charges of price fixing.

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.

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