Afro-Map, which failed in its own bid to buy the transformer producer, filed the complaint, saying provisions of the Competition Act were flouted in the deal
The commission says the case highlights the difficulty of prosecuting global and domestic cartels that exploit legal loopholes to delay proceedings
SA actors get a reprieve from the Competition Commission to ensure fair pay and practice
Last year, the Competition Tribunal prohibited Vodacom’s purchase of a stake in Remgro’s fibre businesses — Vumatel and Dark Fibre Africa (DFA). But then, South Africa’s minister…
Takatso will now own 51% of the national flag carrier while the government becomes the minority shareholder with 49% ownership
Long-term leases, which have muscled out the smaller retailers, are being phased out
The Competition Commission has recommended that the Competition Tribunal approve the proposed merger between Takatso and South African Airways with conditions
Walmart bought Massmart in 2011 and over the past 10 years the share price of the group has decreased by 80%.
The commission has asked the Competition Tribunal to impose a maximum penalty against Meta Platforms
Banks argue the Competition Tribunal has no power to call out foreign firms on cartel conduct
Major international companies have been implicated in the collusion
The South African Competition Tribunal approved Sibanye’s acquisition of Lonmin subject to agreed conditions between the two companies
"Earlier this year, the commission brought a case against 17 major local and international financial institutions for collusion"
The bank is the first of 18 banks accused of involvement in a foreign exchange cartel to reach an agreement with the tribunal.
If all 17 institutions are penalised, the country’s R140‑billion budget deficit could be wiped out in one fell swoop.
