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Unlisted integrated tourism group Tourvest Holdings has been ordered to pay an administrative penalty of R9.18m within 30 days, after the Competition Tribunal found it guilty of collusive tendering or price fixing together with the Siyazisiza Trust.
The Competition Commission has made a number of key recommendations for approval, including giving retail pharmacy Clicks the green light to acquire 25 Pick n Pay retail pharmacies.
The Competition Tribunal has given the sale of the SA franchise of Burger King by Grand Parade the go-ahead, with conditions, allowing foreign investment worth about R470m to flow into the country.
Medical equipment supplier Intermed has maintained its innocence despite being slapped with a hefty fine by the Competition Tribunal for alleged cartel conduct during a tender process.
The Competition Commission has set its sights on the digital marketplace, where it says small businesses are exposed to exorbitant fees, which hamper their growth, says a Financial Mail report.
The Competition Tribunal has restrained WhatsApp and Facebook from removing the government’s digital communication platform from the WhatsApp platform, notes BusinessLIVE.
African broadcast giant MultiChoice says that attempts by Icasa to level the playing fields among local broadcasters will have unintended consequences. ‘We should not be trying, through regulation, to bring MultiChoice to its knees,’ said MultiChoice Group CEO, Calvo Mawela.
GovChat claimed in the Competition Tribunal yesterday that Facebook and WhatsApp were abusing their market dominance.
The Competition Commission has signed an agreement of consent with retailer Pick n Pay, seeking to eliminate the company's exclusive leases in shopping malls.
Among a host of decisions announced bt the Competition Tribunal yesterday, it says it has found Dis-Chem guilty of charging excessive prices for surgical face masks to take advantage of heightened demand during the Covid-19 pandemic, and has ordered it to pay R1.2m.
The Competition Tribunal has found a Pretoria-based company guilty of hiking the prices of face masks. Babelegi Workwear and Industrial Supplies CC was fined R76 000, according to TimesLIVE.
The restructuring of SA’s third-largest mobile operator, Cell C – which will result in a change in shareholders – has been approved by the Competition Commission.
Dis-Chem has entered into a conditional arrangement to buy Baby City from its founder shareholders, the Aronoff family, for R430m.
The law still needs to be followed even during the ‘terrible time’ of the coronavirus pandemic, lawyers for Dis-Chem and another firm charged with excessive pricing have argued in their defence, says a Business Day report.
A pharmacy group accused of charging excessive prices for face masks and hand sanitisers at its Nelspruit and Pretoria branches has agreed to pay a R30 000 fine and make a donation to the Solidarity Fund for Covid-19, says a TimesLIVE report.
Dis-Chem, answering a case of price gouging, has accused the Competition Commission of ‘scapegoating’ the pharmaceutical retailer to show the public that it can prosecute excessive pricing as the country battles the coronavirus pandemic.
Trade & Industry Minister Ebrahim Patel is under pressure to explain to Parliament the rationale behind restricting e-commerce at a time when many countries are embracing online platforms as part of measures to restrict movement of people to curb the spread of the coronavirus, says a Business Day report.
MTN SA has finally reached a consent agreement with the Competition Commission over data prices, more than six weeks after rival Vodacom did the same.
The Competition Tribunal has issued an order instructing SA Breweries (SAB) to set aside a portion of its BEE scheme’s top-up benefits for former employees, pending the outcome of the final determination of a Competition Commission investigation.
The Competition Appeal Court has given the Competition Commission 40 days to panel beat allegations of currency manipulation by 16 non-SA domiciled banks into a case that will pass legal muster.