Price Fixing
latest news & developments
Clients affected by insurance collusion can claim civil damages
Eight insurance firms are being probed over price-fixing allegations. Legally, clients can claim for damages but experts say they should not hold their breath
The Competition Commission has eight insurance companies in its sights for collusion
The companies are BrightRock Life, Discovery, FMI (a division of Bidvest Life) Hollard, Momentum, Old Mutual Insure, Professional Provident Society and Sanlam
Unethical businesses will face people’s protest
Companies must behave like model democratic citizens if they are to earn and retain society’s social licence to operate
ArcelorMittal SA steels itself for R1.5bn price fixing penalty
The fine is payable over five years, starting from 2017.
Ripping off the state can be big business
Government is allowing the construction firms that colluded on mega-state projects to get off lightly, writes Lloyd Gedye.
Pistorius family company named in price-fixing allegations
Hendrik Pistorius & CO, a company founded by grandfather of convicted paralympian Oscar Pistorius, has been fined for alleged price-fixing since 1995.
Standard Bank cited in price-fix claim
Standard Bank, Goldman Sachs, HSBC and BASF Metals are the four companies accused of manipulating the price of platinum.
Competition Commission moves to investigate car industry
The Competition Commission is to investigate allegations of price fixing, market division and collusive tendering in the automotive industry.
Leave construction bosses alone!!! Sob!
Apparently, noble construction company bosses were just looking out for us when they fixed prices. Thanks, guys.
Construction cartel barons still in the saddle
Two executives linked to the construction price-fixing scandal remain at their posts. Chantelle Benjamin reports.
Bread cartels: ConCourt ruling leaves big brands open to lawsuits
Small bread distributors can now launch a class action against bread manufacturing giants for losses related to uncompetitive behaviour.
Tiger re-employs CFO who quit during price-fixing row
"All relevant factors" were considered before Noel Doyle’s reappointment, says Tiger Brands.
Small fry for big fisheries
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, publishers sued for e-book price fixing
Apple and five publishers have been sued by the United States’s justice department for conspiring to fix the prices of e-books.
Unbundling of Telkom is only answer
Consumers have long suffered because of governments’ inaction over Telkom.