ARTICLES RELATING TO 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.

How banks allegedly colluded on currency trades

2017-02-15 16:33

This is what you need to know about currency trades and why the Competition Commission wants 17 banks prosecuted for collusion.

Black industrialists to earn R27bn in construction partnerships

2017-02-13 13:47

Seven construction firms will be concluding partnership agreements with emerging construction partner-companies, which will see them earn between R21bn and R27bn annually.

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.

 

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.

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.

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.

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