The companies are BrightRock Life, Discovery, FMI (a division of Bidvest Life) Hollard, Momentum, Old Mutual Insure, Professional Provident Society and Sanlam
The fine is payable over five years, starting from 2017.
By
Government is allowing the construction firms that colluded on mega-state projects to get off lightly, writes Lloyd Gedye.
Hendrik Pistorius & CO, a company founded by grandfather of convicted paralympian Oscar Pistorius, has been fined for alleged price-fixing since 1995.
Standard Bank, Goldman Sachs, HSBC and BASF Metals are the four companies accused of manipulating the price of platinum.
The Competition Commission is to investigate allegations of price fixing, market division and collusive tendering in the automotive industry.
Apparently, noble construction company bosses were just looking out for us when they fixed prices. Thanks, guys.
Two executives linked to the construction price-fixing scandal remain at their posts. Chantelle Benjamin reports.
By
Small bread distributors can now launch a class action against bread manufacturing giants for losses related to uncompetitive behaviour.
"All relevant factors" were considered before Noel Doyle’s reappointment, says Tiger Brands.
By
Fishing group Oceana admitted guilt to the Competition Commission for a long list of price-fixing and agreed to pay a fine of nearly R35-million.
Apple and five publishers have been sued by the United States’s justice department for conspiring to fix the prices of e-books.
Consumers have long suffered because of governments’ inaction over Telkom.
Four different cartels have had an impact on what the consumer pays for a loaf of bread.
Pioneer has paid its dues and consumers now face the impact of higher input costs, writes <b>Lloyd Gedye</b>.
Retailers and consumers are at loggerheads over high local prices and the potential consequences.
No image available
/ 2 November 2010
Pioneer Foods was told it has to reduce the sale price of bread and flour products as part of a R1,05-billion settlement for price-fixing.
A competition watchdog has proposed fining Sasol 10% of its turnover for charging excessive prices for polypropylene and propylene.
The Competition Commission has reached a settlement agreement with Sasol, finalising the abuse aspect of a fertiliser case.
Pioneer Food Group on Monday posted a drop in first-half headline earnings, which will also lower full-year earnings.
The Competition Commission has raided the offices SAA, Mango and the Airlines Association of Southern Africa, it said on Tuesday.
South Africa’s Competition Commission has alleged bizarre behaviour by the country’s biggest food companies.
South African Airways and SA Express on Tuesday denied allegations of price-fixing around the Soccer World Cup.
No image available
/ 28 January 2010
The Competition Commission is probing major airlines for allegedly colluding on prices and pricing strategies ahead of the Soccer World Cup.
The Competition Commission on Wednesday raided the premises of cement producers in Gauteng and KwaZulu-Natal, it disclosed on Thursday.
In a bid to clear its name and avoid a R1,2-billion fine, Pioneer Foods pulled out all the stops at the Competition Tribunal hearing.
The Competition Tribunal said on Wednesday that it had imposed a novel remedy in the Clover milk price-fixing case.
No image available
/ 2 February 2009
The Competition Tribunal will on Wednesday be asked to ratify a consent order in terms of which Lancewood Cheese will pay an administrative penalty of R100 000 for price-fixing. Lancewood Cheese has admitted that it has contravened the Competition Act by engaging in price-fixing. It has agreed to pay the administrative penalty. It has also agreed […]
The Food and Allied Workers’ Union on Tuesday welcomed a fine imposed on bread-maker Foodcorp for admitting a role in bread-price fixing.
Executives are walking away with millions for keeping quiet. Lloyd Gedye reports.
Tiger has gone to great lengths to claim that its senior executives did not have any knowledge of the collusive behaviour happening under their watch.
The recent National Anti-Corruption Summit supported moves to make price-fixing a crime — despite opposition from the Competition Commission.