Legal Articles and Guides
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.
Recently enacted buyer power and price discrimination provisions of the Competition Act and regulations governing these will have a significant effect on SA businesses on the buyer and supplier sides.
Standard Bank’s attempts to obtain and review evidence gathered against it in relation to charges of currency manipulation and collusion have been turned down by the Constitutional Court.
Four out of every five e-hailing operators are working without valid licences, according to a key finding of the Competition Commission, which has released its two-part provisional report after its inquiry into the public passenger transport market, and e-hailing and metered taxi services.
Trade unions emerged as the big winners after the Competition Tribunal ruled yesterday that Clover Industries has to reduce the number of jobs it is cutting as part of its restructuring. According to a Business Day report, the tribunal ruled that the number of employees retrenched has to be reduced to a maximum of 277 from the 516 first proposed by Clover.
The Competition Tribunal has approved SAB’s acquisition of the SA rights to Smirnoff’s ready-to-drink brands and Guinness-branded products from Diageo, which owns brands such as Johnnie Walker and Captain Morgan.
The Competition Tribunal has confirmed a settlement agreement between the Law Society of the Northern Provinces and the Competition Commission, in which the law society agrees to rescind some of its professional rules and guidelines that were found to be anti-competitive, says a statement from the society.
The Competition Tribunal has dismissed a complaint referral against asphalt producers Roadspan Surfaces and Much Asphalt, who were accused by the Competition Commission of entering into an agreement to divide markets in contravention of the Competition Act, notes a Moneyweb report.
The Competition Commission has found that long-term exclusive lease agreements by SA's major supermarket chains at shopping centres were preventing new competitors from getting a foothold.
Four companies accused of colluding for a R240m tender from Eskom, are seeking intervention from the Competition Tribunal to dismiss a case against them by the Competition Commission, says a Fin24 report.
Tourism agencies supplying air tickets and accommodation to MPs have been accused of collusion by the Competition Commission in a tender that is worth almost R100m, says a Cape Argus report.
A director of one of the two Robben Island boat operators accused of price-fixing and tender collusion took the stand at the Competition Tribunal and denied all the allegations, says a Cape Argus report.
The Competition Commission says Naspers’s acquisition of local vehicle-purchasing service WeBuyCars should be blocked as it could lead to higher used-car prices.
The Competition Commission’s approval of clothing retailer Edcon’s restructuring has cleared a major hurdle in its R2.7bn refinancing, says a Business Day report. Edcon – which operates the Edgars, Jet and CNA chains – struck a deal with its creditors in March, including its landlords and banks, which resulted in them providing financing and becoming shareholders in the retailer.
Vodacom Group and MTN Group shares fell after one of the competition regulators ruled that SA’s two largest mobile-phone companies overcharge customers for data – particularly those on lower incomes. According to a Fin24 report, the two carriers bill more in their home market than in other countries in which they operate, the Competition Commission said in a provisional report on an inquiry that began in August 2017.