Poultry
industry under the spotlight - 23 February
The poultry industry is being investigated by the Competition
Commission, which is alleging market abuse by the Southern African
Poultry Association and various individual producers. "If
they find against us they are finding against the global poultry
industry, not only against South Africa", Kevin Lovell, chief
executive officer of the Southern African Poultry Association,
said in an interview yesterday. - Daily
News website
Commission
appeals bread cartel penalty - 25 February
The Competition Commission says it's lodged an appeal with the
Competition Appeal Court against what it perceives to be a lenient
fine imposed on Pioneer foods for price fixing. The Commission has
asked the appeal court to reverse the Tribunal's finding on the
penalty and impose a penalty of 10% of Pioneer's group turnover,
which would amount to approximately R1,5bn. The penalty as it
stands is R195 million. - Business
Day website