A question of character – Contraventions of the Competition Act
In the recent case of Competition Commission v Irvin and Johnson Limited and Karan Beef (Proprietary) Limited (the I&J case) the Competition Tribunal (Tribunal) has reiterated...
Tag: cartel
Cross-border coordination – Clamping down on cartel conduct
The International Competition Network (ICN), of which the South African Competition Commission and Competition Tribunal are members, has recently published guidelines on Enhancing Cross-Border Leniency...
Knock knock knocking on jail’s door – Cartel conduct
The amendments to the Competition Act, 1998, which introduce criminal liability for cartel conduct, came into effect on 1 May 2016. The amendments introduced criminal...
Stuttaford Van Lines charged with 649 counts of tender collusion
Furniture removal company, Stuttaford Van Lines (Pty) Ltd (Stuttaford), has been charged with 649 counts of collusive tendering, in relation to hundreds of government tenders...
Competition Commission update – R37m fine, chemical & brick cartels
Two chemical companies involved in manufacturing and supplying chemicals have been fined R37m for cartel conduct. Investchem (Pty) Ltd (Investchem) and Akulu Marchon (Pty) Ltd (Akulu) have agreed to pay fines after admitting to price fixing and dividing markets.…
Provided By GoLegal
Possible fines and imprisonment against banks for cartel behaviour
The recent investigations into the construction and banking industry regarding collusion and cartel behaviour, has highlighted the consequences thereof in terms of the Competition Act. As of 1 May 2016, competitors involved in price fixing, market division …
Provided By KISCH IP
Settlement with Citibank over involvement in Forex trading cartel
The Competition Commission welcomes the Competition Tribunal’s decision to confirm, as an order of the Tribunal, its settlement agreement with Citibank NA in relation to...
Competition Commission welcomes High Court decision in margarine manufacturers’ cartel case
The Competition Commission has welcomed the outcomes of the proceedings in the High Courts of South Africa, Kwazulu-Natal and Gauteng Divisions which prevented edible cooking...
When the sins of the fathers come knocking on the door
The Competition Commission (“Commission”) has reached a settlement agreement with ArcelorMittal South Africa Limited (“AMSA”) in terms of which all pending investigations and prosecutions against...
Criminal Liability In South Africa For Cartel Conduct From 1 May 2016
As of 1 May 2016, certain sections of the Competition Amendment Act (Act), providing for criminal liability of individuals who act in contravention of the...
by Bowmans
