I warned that the EFF's total disregard for the rules would cause serious problems in years to come, writes Melanie Verwoerd.
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.
CSAV is accused of colluding with Mitsui OSK Lines Limited in the shipment of Ford vehicles from South Africa to Europe and the Mediterranean.
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.
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.
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.
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.
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 and five other brick makers have been charged for price fixing and division of markets, says the Competition Commission, following an investigation.
Major banks are not taking accusations of colluding in trading lying down.
The Competition Commission wants Unilever to pay a fine of 10% of its annual turnover in a cartel case.
The matter dates back to February 2017, when the commission referred a forex collusion case initially involving 17 banks to the tribunal for adjudication.
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.
Auditor General Kimi Makwetu has said the commission not only incurred millions in irregular expenditure but also exceeded its approved budget.
The risk of harsher punishment for cartel conduct should not be ignored in SA, according to Ahmore Burger-Smidt, a director at Werksmans Attorneys.
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.
The Competition Commission has told Parliament its financial resources are so strained that it will have to revise its targets for cartel investigations downward.
Bricks company Corobrik is surprised that the Competition Commission regards agreements made with other industry players to be in contravention of competition law.
Seven meat suppliers with operations in three provinces have been raided by the competition commission due to alleged price fixing.
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.
Seven construction firms will be concluding partnership agreements with emerging construction partner-companies, which will see them earn between R21bn and R27bn annually.
DurbanvilleZaPOP Media (Pty) LtdR1 000.00 Per Month
Atlantic SeaboardShimansky Jewellers
Cape Town CBDO'Dwyer PersonnelR6 500.00 - R7 000.00 Per Month
R 4 850 000
R 4 195 000
R 2 100 000
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