10-year-old wire cartel case settled, millions in penalties

2019-09-19 14:53

After a full decade and several legal challenges – including in the Supreme Court of Appeal – the Competition Tribunal this week approved settlement agreements between the Competition Commission and two wire products manufacturers accused of cartel conduct.

Chilean shipping company prosecuted for cartel conduct over SA tender

2019-04-23 17:32

CSAV is accused of colluding with Mitsui OSK Lines Limited in the shipment of Ford vehicles from South Africa to Europe and the Mediterranean.

12 dawn raids cost Competition Commission R57m in payments to service providers

2019-01-01 12:34

Economic Development Minister Ebrahim Patel has said in reply to a Parliamentary question that search and enter raids constitute a 'highly specialised activity' and payments to service providers are essential.

British politician pledges to break up 'cartel' of big four accounting firms in radical overhaul

2018-09-24 16:30

The big four accountancy firms could be broken up as part of a radical change promised by the British Labour party, the shadow chancellor John McDonnell says.

OPEC is gearing up to hike oil production during what could be a 'contentious' meeting

2018-06-22 11:57

In efforts to tackle a global oil glut, OPEC and other supply-cutting countries have since 2016 been coordinating output levels to prop up prices.

Competition Commission nets global award on forex cartel case

2018-04-20 20:42

The international competition community has chosen the Competition Commission as the Agency of the Year in the Asia-Pacific, Middle East & Africa region for its work on the foreign exchange cartel case.

Spike in cartel investigations - competition commissioner

2017-08-31 11:56

There has been a sharp increase in the number of cartel investigations and prosecutions over the past few years, says Competition Commissioner Tembinkosi Bonakele.

Corobrik charged for price fixing after probe

2017-07-05 16:35

Corobrik and five other brick makers have been charged for price fixing and division of markets, says the Competition Commission, following an investigation.

Forex 'cartel' lays into commission

2017-05-14 06:26

Major banks are not taking accusations of colluding in trading lying down.

Unilever to be charged for cartel activity

2017-03-01 16:10

The Competition Commission wants Unilever to pay a fine of 10% of its annual turnover in a cartel case.


Commission ordered to revise its forex price-fixing case against 23 banks

2019-06-12 13:48

The matter dates back to February 2017, when the commission referred a forex collusion case initially involving 17 banks to the tribunal for adjudication.

Tribunal postpones cartel case as key witness denied access to SA

2019-04-15 21:09

The Competition Tribunal has granted the Competition Commission a postponement in a panel beating cartel case, since a key witness was unable to travel to SA.

AG slams Competition Commission over R128m in irregular expenditure

2018-09-25 21:24

Auditor General Kimi Makwetu has said the commission not only incurred millions in irregular expenditure but also exceeded its approved budget.

SA could see crackdown on cartel conduct - expert

2018-08-27 21:11

The risk of harsher punishment for cartel conduct should not be ignored in SA, according to Ahmore Burger-Smidt, a director at Werksmans Attorneys.

Inside the construction cartel's 'breakfast club'

2018-04-22 06:43

New testimony in the ongoing construction cartel prosecution case has shed light on the day-to-day mechanics of rigging tenders on everything from hotels to the Lesotho Highlands Water Project and the Gautrain.

Competition Commission admits cartel probes may suffer in budget squeeze

2018-04-17 18:08

The Competition Commission has told Parliament its financial resources are so strained that it will have to revise its targets for cartel investigations downward.

Corobrik ‘surprised’ about price-fixing allegations

2017-07-06 17:45

Bricks company Corobrik is surprised that the Competition Commission regards agreements made with other industry players to be in contravention of competition law.

Competition authorities swoop in on suspected meat cartel

2017-06-14 14:50

Seven meat suppliers with operations in three provinces have been raided by the competition commission due to alleged 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.

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.

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