Record
new fine looms over Sasol - 13 August
SASOL said yesterday it would defend itself against new
allegations from the Competition Commission of collusion and
excessive pricing in its chemicals division. If found guilty, the
petrochemicals giant could face another record-breaking fine, this
time of R4,4bn. - Business
Day website
SAB
to answer on claims of stifling competition
- 10 August
South African Breweries MD Norman Adami is one of a number
of witnesses who will take the stand to refute allegations in
hearings beginning this week that the country's dominant brewer
engaged in behaviour such as market allocation and price-fixing.
Mr Adami will join SAB sales and distribution director Wayne
McAuley and distribution services manager Pieter Wessels in
testifying against the allegations referred to the Competition
Tribunal by the Competition Commission. - allAfrica
website
We've
been 'pro-competitive' : SAB - 9 August
SA Breweries will contest a case of alleged anti-competitive
behaviour to be heard by the Competition Tribunal, the brewer said
on Monday. - Moneyweb
website
SAB
antitrust hearing cut short - 11 August
The scheduled 13-day antitrust hearing into allegations against
South African Breweries, was cut short unexpectedly today after
the Competition Commission asked the brewer to discuss a possible
settlement. - Business Day
website
Bid
to resolve SAB competition hearing fails - 13 August
Despite a dramatic last-minute attempt to settle the Competition
Commission's case against South African Breweries, the
negotiations came to naught and the Competition Tribunal’s
hearing into the charges levelled against SAB and 13 of its
distributors will continue. The commission and South African
Breweries called a halt to the hearing, which had just begun this
week, so that the two parties could thrash out a settlement. - Mail
& Guardian website
SAB
tribunal adjourned, new witness tomorrow - 17 August
The hearing into allegations of anti-competitive behaviour by
South African Breweries was adjourned today at lunchtime following
the evidence of witness Gerrie Mofokeng, who used to run a beer
distribution warehouse in Springs, Gauteng. The Competition
Commission's next witness, Picardi Rebel MD Darren Swersky, will
only appear tomorrow. - Business
Day website
Froth
over 'abuses' by beer giant - 20 August
South African Breweries was accused of abusing Competition
Tribunal processes during this week's hearing into the beer
giant's alleged anti-competitive practices. The claims of abuse
were in response to an application by SAB aimed at forcing Metcash
Group chief executive Peter Dodson, a witness for the Competition
Commission, to hand over a wide range of documents and data from
his business. - Mail & Guardian
website
Aveng
settles cartel case with R21 million fine - 11 August
The Competition Commission has entered into a settlement agreement
with Aveng (Africa) Ltd, trading as Duraset in which it admits
that it took part in the mining roof bolts cartel. Duraset has
agreed to pay a penalty of R21.9 million, representing 5 percent
of its 2008 annual turnover. - Business
Report website
Competition
Tribunal lays a charge against First Uranium : interview with
Alec Hogg and Andreas Wessels, member of the Competition Tribunal.
The Competition Tribunal today took an unprecedented step of
laying a charge against a junior accountant employed by First
Uranium called Rory Cole. Andreas, there's a statement on the
Stock Exchange News Service from the chief executive of First
Uranium, saying it seems to be a communication error. - Moneyweb
website
First
Uranium to meet with Competition Tribunal - 16 August
First Uranium Corporation said on Monday that it was investigating
the circumstances which led the South African Competition Tribunal
to lay a charge with the South African Police Service against Rory
Cole, a junior financial accountant of the group. It follows
Cole's alleged failure to respond to a summons ordering him to be
present at a merger hearing or to produce relevant information in
the proposed acquisition by Bedrock Mining Support of the Letaba,
Numbi and De Kaap businesses of Mondi. - Business
Day website
Competition
body applies for arrest warrant - 17 August
The Competition Tribunal has taken the extraordinary step of
laying a charge with the police against the accountant of First
Uranium for not responding to a summons to attend a hearing or
produce evidence. The charge was laid last Friday, but the
Tribunal has indicated if Rory Cole provides the information it
requested it could withdraw the charges. - Business
Day website
Tribunal
withdraws charges against First Uranium accountant - 19 August
South Africa's Competition Tribunal announced on Thursday that it
had withdrawn a criminal charge against Rory Cole, a financial
accountant of First Uranium, for failing to respond to a summons
issued by the tribunal. - Creamer
Media's Mining Weekly website
See
also :
ANC
unimpressed by print media commitment to transformation [South
Africa]