Following Competition Commission head Shan Ramburuth’s resignation, Economic Development Minister Ebrahim Patel has appointed Thembinkosi Bonakele.
Following claims Shan Ramburuth spent thousands of state funds on porn, the Competition Commission head has denied resigning over the allegations.
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/ 30 October 2009
Collusion is the cultural norm of large businesses operating in the construction industry, the head of the Competition Commission said on Friday.
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/ 28 September 2009
Businesses will do what society allows them to get away with, writes Lynley Donnelly.
Competition Commissioner Shan Ramburuth has told Patricia de Lille that he shares her concern over the high costs of telecommunications.
With food price hikes affecting all consumers and particularly the poor, it is crucial to understand the pricing when working out what measures can be taken — and where the Competition Commission fits in. High food prices must be seen in the context of the liberalisation of agricultural markets in the mid-1990s and the expectation that with competition there would be greater efficiency and, ultimately, lower prices for consumers.
Tiger Brands is starting a company-wide review to ensure there is no more anti-competitive behaviour after cartels in the healthcare and bread and milling sectors were recently exposed, CEO Peter Matlare said on Friday. ”We are cleaning house. We are going door-to-door and cupboard-to-cupboard,” Matlare told reporters in Johannesburg.
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/ 11 February 2008
The Competition Commission has referred three pharmaceutical companies to the Competition Tribunal for prosecution after they were found to be colluding when bidding for government tenders, it said on Monday. ”Collusive behaviour would undoubtedly be one of the contributing factors to higher prices in healthcare,” said competition commissioner Shan Ramburuth.
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/ 16 January 2008
The South African competition watchdog the Competition Commission on Wednesday slammed bread price increases, saying the ”blatant profiteering is an insult to the nation”. Bread maker Tiger Brands on Monday implemented price increases on its Albany bread brand.
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/ 12 November 2007
Tiger Brands has been ordered to pay a R98,7-million penalty by the Competition Commission after admitting to participating in bread and milling cartels, the commission announced on Monday. Tiger Brands also agreed to assist the commission in prosecuting remaining cartel members who have not cooperated with the commission.