Legal Articles and Guides
NTK Limpopo Agri, a wholly-owned subsidiary of the VKB Group, has been fined R3.64m for price fixing conduct in the milled white maize market in contravention of the Competition Act. The Competition Tribunal confirmed yesterday that a settlement agreement was entered into between NTK and the Competition Commission in terms of which the company admitted engaging in anti-competitive conduct with its competitors, says Business Report.
The Competition Tribunal has found that Computicket abused its dominance and has ordered the ticketing giant to pay an administrative penalty of R20m. The tribunal's decision follows protracted litigation and an earlier investigation by the Competition Commission into the company's use of long-term exclusive agreements to exclude new entrants from the outsourced ticket-distribution market, notes TimesLIVE.
The association representing the governing bodies of 2 070 schools has agreed to urge those schools to seek settlement with the Competition Commission for anti-competitive behaviour – hopefully without any fines attached. The Witness reports on Friday the Competition Commission gazetted a memorandum of understanding with the Federation of Governing Bodies of SA Schools (Fedsas) that spells out broad co-operation, but also zooms in on the issue of school uniforms.
The business rescue practitioner for the Gupta’s embattled Shiva mine, which holds one of the largest uranium deposits in the world, has submitted an urgent application to the Competition Tribunal seeking the removal of two other practitioners he claims were unlawfully appointed. In the affidavit, notes Business Day, rescue practitioner Christopher Monyela sought an order to direct the Companies and Intellectual Property Commission (CIPC) to accept a form he filed on behalf of the company which appointed Juanito Damons as a senior practitioner of Shiva.
The ANC is concerned about the digital divide due to high data costs and has joined mobile data service providers in the call for ‘more spectrum’, says a Fin24 report. Noting ‘the cost of data in SA is significantly higher than other African countries’, the ANC's Phelisa Nkomo said the release of spectrum would lessen the network burden of operators. This submission was made on the third and final day of the Competition Commission’s Data Market Inquiry on Friday in Pretoria.
The Constitutional Court on Friday set aside a 2017 Competition Appeal Court ruling and said the Competition Commission is entitled to investigate whether a channel licensing agreement between the SABC and MultiChoice, dating from 2013, was in fact a notifiable merger.
Pepkor has gone to court to interdict the opening of a rival retailer, Mr Tekkie, started by former senior employees of its own brand, Tekkie Town, Die Burger reports. Pepkor says in its urgent application filed in the Western Cape High Court that it managed to recover deleted e-mails of former exective and Tekkie Town founder Braam van Huyssteen, allegedly proving a plot to influence Pepkor’s share price.
The Public Protector has postponed hearings into the horse racing industry in Gauteng after one of the interested parties, Phumelela Gaming and Leisure‚ obtained an interdict in the Gauteng High Court (Pretoria) to have the hearings postponed until further notice.
The possibility of harsher punishment for cartel conduct should not be ignored, according to Ahmore Burger-Smidt, a director at Werksmans Attorneys. Amendments to the Competition Act came into effect on 1 May 2016, notes a Fin24 report. The amendments introduced criminal liability for directors and individuals with ‘management authority’ who are responsible for – or knowingly acquiesce – in cartel conduct.
After two days of hearings into the allegations of collusion by major banks, the Competition Commission remains confident of its case, says a Mail & Guardian Online report. Despite some banks arguing it is everything from ‘vexatious‘ to ‘so overwhelmed by its own case’ that it cannot keep track of the details, the commission remains determined to have the merits of the matter heard.
The Competition Commission has dealt a blow to British American Tobacco (BAT) SA’s plans to expand into e-cigarettes in SA with the acquisition of the biggest vaping company Twisp, and has blocked the deal on the grounds that it would substantially lessen competition, notes Business Day.
Foreign takeover bids deemed to be a threat to national security will be at risk of being blocked by a presidential committee, in terms of new competition rules to be debated in Parliament. As previously reported in Legalbrief Today, this is one of a series of far-reaching changes to 20-year-old competition legislation which Economic Development Minister Ebrahim Patel has tabled in Parliament.
Cape Town boat operators who colluded to inflate their prices for trips to Robben Island have been served with fines‚ according to the Competition Tribunal. It said an investigation by the Competition Commission was instituted after a complaint from the Robben Island Museum, according to a TimesLIVE report.
The Competition Appeal Court yesterday set aside a predatory pricing case involving a community newspaper owned by Media24. The company had been accused of engaging in predatory pricing to drive out independent publications in the Welkom area between January 2004 and February 2009, notes a Fin24 report.
Media24 has agreed to pay a R14m admission of guilt settlement, for price-fixing and fixing of trade conditions. An eNCA report says the media giant is one of 28 media companies that were referred to the Competition Tribunal for prosecution.