Commission clamps down on Toyota transport cartel

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Cape Town - The Competition Commission has referred for prosecution to the Competition Tribunal Kawasaki Kisen Kaisha (K-Line), a Japanese company operating in South Africa.

According to the Commission it is for price fixing, market division and collusive tendering involving the transportation of Toyota vehicles from South Africa to Europe, the Mediterranean Coast of North Africa and the Caribbean Islands via Europe, West Africa, East Africa and the Red Sea.

An investigation by the Commission found that K-Line, Mitsui O.S.K Lines (MOL), Nippon Yusen Kabushiki Kaisha (NYK) and Wallenius Wilhelmsen Logistics AS (WWL) fixed prices, divided markets and tendered collusively in respect of the shipment of Toyota vehicles in contravention of the Competition Act.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.13
-0.0%
Rand - Pound
19.92
-0.0%
Rand - Euro
17.16
-0.0%
Rand - Aus dollar
11.00
-0.0%
Rand - Yen
0.13
-0.0%
Gold
1,843.76
0.0%
Silver
27.42
0.0%
Palladium
2,894.50
0.0%
Platinum
1,229.50
0.0%
Brent Crude
68.71
+2.5%
Top 40
60,573
+0.6%
All Share
66,598
+0.7%
Resource 10
69,386
-0.1%
Industrial 25
83,277
+0.9%
Financial 15
12,685
+1.5%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1453 votes
No, I did not.
52% - 3625 votes
My landlord refused
27% - 1925 votes
Vote