Five top SA companies in hot water in gas cylinder price fixing case

2020-03-11 16:04

Five SA companies appeared before the Competition Tribunal this week in a bid to clear their names of allegations of price fixing.

Forex collusion case back in the spotlight at Competition Tribunal

2019-06-12 05:00

The matter dates back to 2017 when the Competition Commission referred a collusion case involving 17 banks to the Tribunal. Three domestic banks – Absa, Standard Bank and Investec were among those named.

GVK fined R6m on price fixing, collusion charges

2019-05-28 21:30

Construction company GVK-Siya Zama has agreed to pay an administrative penalty of over R6m after being charged with price fixing, market division and collusive conduct in the construction industry.

Power cable supplier fined R1.3m for collusion in Eskom tenders

2019-02-06 18:39

Power cable supplier Alcon has been fined R1.3m as part of a settlement agreement with the Competition Commission for its role in price fixing and collusion in Eskom tenders.

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.

EU fines Asus, other electronics firms for fixing prices

2018-07-24 22:02

European Union anti-trust authorities on Tuesday slapped multi-million euro fines on consumer electronics firms from Japan, Taiwan and the Netherlands for fixing prices for online retailers.

More media companies settle in price-fixing case

2018-05-08 18:38

Two more media companies have agreed to a settlement related to a price-fixing case by the Competition Commission.

Tribunal to rule on price fixing charges against 28 media companies

2018-02-27 18:23

Twenty eight media companies have been referred to the Competition Tribunal on charges of fixing trading conditions.

ArcelorMittal pays first instalment of R1.54bn price-fixing fine

2017-12-18 17:22

ArcelorMittal SA has confirmed its first payment of R100m of the R1.5bn fine it was slapped with by the Competition Tribunal after pleading guilty to price fixing.

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.


Standard Bank deputy chair steps down

2020-02-24 19:05

Standard Bank non-executive director and deputy board chairperson Dr Hao Hu has stepped down from the board.

Competition Commission cuts settlement deal with wood cartel

2019-06-03 21:54

Wood panel company Sonae Arrauco admitted to price-fixing and collusive conduct, according to the Competition Commission.

SABC, Primedia, Ster-Kinekor fined millions for price-fixing

2019-02-27 12:43

The Competition Tribunal has confirmed as orders three consent settlement agreements with the SABC, Primedia and Ster-Kinekor.

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.

Competition Commission investigating book publishing 'cartel' over price-fixing claims

2018-08-29 15:37

Competition Commissioner Tembinkosi Bonakele has initiated an investigation against the Publishers' Association of South Africa and its members for allegedly fixing the prices of books for over three decades.

Resin company fined R30m after admitting to price-fixing

2018-05-11 17:01

A Durban-based resin company has admitted to price-fixing and market division transgressions, and has agreed to pay a R29.7m fine to the Competition Commission.

Media24 agrees to pay R14m in price-fixing settlement

2018-03-16 11:55

Media24 has agreed to pay a penalty as settlement in a price-fixing case brought against it and 27 other media companies by the Competition Commission.

Two media companies fined over R8m for collusion

2018-02-16 13:44

Print media companies Independent Media and Caxton have agreed to a penalty of more than R8m, after admitting to collusion.

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.

Can competition law fix SA’s drug (price) problem?

2017-06-18 06:08

Just because medicine prices are regulated, does not mean they are fair or competitive.

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