Price fixing case: Foodcorp wants clarity

2016-12-13 18:34

The Competition Tribunal has given the Competition Commission until end January to provide clarity on some of the charges alleged against Foodcorp.

ArcelorMittal in new steel pricing deal after R1.5bn fine

2016-08-23 20:36

ArcelorMittal, which was fined a record R1.5bn, has agreed to a new pricing model in South Africa aimed at bolstering the local steel sector and reviving the economy.

Price-fix probe against furniture removal cartels

2015-06-02 12:21

The Competition Commission has referred a number of cases involving furniture removal companies to the Competition Tribunal after investigating them for price-fixing.

Global banks fined nearly $6bn in forex probe

2015-05-21 07:58

Four major banks have pleaded guilty to trying to manipulate foreign exchange rates and, with two others, were fined nearly $6bn.

Major SA bank implicated in rigging probe

2015-02-24 20:15

The US justice department and the Commodity Futures Trading Commission are investigating at least 10 major banks for possible rigging of precious-metals markets.

Cracks appear in glass cartel

2013-06-16 16:38

Glass cartel members allegedly met at hotels, pubs, sports clubs and on boat trips in Zimbabwe to plot their price-fixing strategy.

Pressure builds on Sasol’s pricing

2013-05-19 15:38

The government is waiting in the wings to impose regulations if petrochemical giant Sasol doesn’t agree to revise plastic prices.

Final bid for bread class action suit

2013-05-08 16:09

Bread distributors have launched a final effort to institute a class action case against Pioneer Foods, Tiger Brands and Premier Foods, a report states.

Trident to pay R8.6m for price fixing

2012-12-19 18:55

Trident Steel will pay a penalty representing 2% of its 2007/08 turnover after it contravened the Competition Act with price fixing of steel products.

Tribunal rules on plastic pipes cartel

2012-07-04 17:56

A number of plastic pipe manufacture and supply companies had colluded to fix prices, the Competition Tribunal ruled.


Kicking the collusion habit

2016-08-26 07:39

Price-fixing and cartels seem almost second nature in some business communities, but new rules bring hope for a culture of compliance, says Servaas Kranhold.

ArcelorMittal to pay R1.5bn price fix fine

2016-08-22 12:22

ArcelorMittal SA has agreed to pay an administrative penalty of R1.5bn in terms of a settlement agreement with the Competition Commission.

Bank probe sees Nene concerned at systemic risk

2015-05-21 21:09

Government officials will meet the SA Reserve Bank to discuss a foreign-currency trading investigation, as the finance minister says he is concerned the probe may expose risks to the banking system.

SA probes 11 foreign exchange traders on price fixing

2015-05-19 16:05

The Competition Commission says it has started an investigation, two years after authorities began a global probe into market rigging.

Siemens will pay if price-fixing proven

2013-10-11 10:02

Siemens says it was ready to discuss compensation for Brazil's Sao Paulo state should it be proven it engaged in price-rigging.

CEO highlights Apple role in e-book case

2013-06-06 08:26

A top publishing executive has acknowledged Apple's role in reshaping the pricing model for electronic books.

EU raids oil majors over price-fixing

2013-05-14 19:40

European authorities have raided the offices of top oil firms Shell, BP and Statoil as part of an investigation into suspected manipulation of oil prices.

London's gold, silver in price fix probe

2013-03-15 07:57

London's gold and silver markets face the possibility of a probe, putting a century-old practice under the spotlight.

Ailing Telkom faces bigger fine

2012-11-25 22:08

If the appeals court find the Competition Commission was right on price discrimination and excessive pricing, Telkom's fine could balloon to up to R3.5bn.

Wire mesh firms fined for price fixing

2012-05-08 12:40

Two companies who were part of a wire mesh cartel have been ordered by the Competition Tribunal to pay an administrative penalty of R27.2m.

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