Johannesburg - The Competition Commission wants Unilever to pay a fine of 10% of its annual turnover in a cartel case.
The Commission wants the Competition Tribunal to prosecute a cartel case against Unilever SA and Sime Darby Hudson Knight, it announced on Wednesday.
The Commission is seeking an order from the Tribunal declaring that Unilever and Sime Darby contravened Section 4(1)(b)(ii) of the Competition Act as well as an order declaring Unilever liable for payment of an administrative penalty equal to 10% of its annual turnover.
This follows an investigation by the Commission, which found that Unilever and Sime Darby divided markets by allocating specific types of products and customers goods in the market for the manufacturing and supply of bakery and cooking products throughout South Africa. This conduct contravenes the Competition Act.