Competition
Commission recommends 10% turnover fine for Telkom - 28
October
The Competition Commission has referred its findings of abuse of
dominance against Telkom to the Tribunal for
adjudication and has asked the Tribunal to levy an administrative
penalty of 10% on Telkom's annual turnover for its financial year
ended March 31. The investigation follows five complaints that
were lodged by the Internet Service Providers Association and
other internet service providers or ISP's, namely, Verizon South
Africa, Multichoice Subscriber Management Services and Internet
Solutions. - Business Day
website
Telkom
found guilty of abusing its competitive position - 28
October
Interview with Simon Roberts, manager of policy and research,
Competition Commission and Alec Hogg on the Moneyweb
website
Telkom
fights back in competition case - 29 October
Competition Commission's R3.6-billion fine recommendation may
become null and void in upcoming appeal court ruling. The
Competition Commission (CC) recently referred its findings of
abuse of dominance against Telkom to the Competition Tribunal
for adjudication, and has asked the Tribunal to levy an
administrative penalty of 10% on Telkom's annual turnover for
its financial year ended 31 March 2009. Telkom’s annual
turnover for its last financial year was R35.9-billion, which
means that a 10% penalty will be in the region of R3.6-billion.
- My Broadband website
How
Telkom could escape competition fines - 29 October
Telkom is hoping the supreme court of appeal in
Bloemfontein will throw it a lifeline next week. A court ruling
in the telecommunications operator’s favour could mean it
escaping having to fork over what could amount to billions of
rand in fines for alleged anticompetitive behaviour. - TechCentral
website
Collusion
a norm in construction industry - 30 October
Collusion was the cultural norm of large businesses operating in
the construction industry, head of the country's Competition
Commission Shan Ramburuth said on Friday. He was addressing
Business Unity SA's (Busa) anti-corruption forum in Sandton,
Johannesburg. - Business
Report website