Price-fixing claims hit automotive parts industry
The competition commission believes 82 parts-makers may have been involved in large-scale collusion.
JOHANNESBURG - The Competition Commission of South Africa says it's now investigating allegations of large-scale collusion and price-fixing in the automotive parts industry after a whistle-blower came forward.
The commission says it believes 82 parts-makers may have been involved, including firms like Mitsubishi and Panasonic.
It says it's going to prioritise the alleged collusion that affected cars made for the South African public.
The commission's Mava Scott said, "This dates back to the year 2000 so there has been massive collusion going on in terms of price fixing market division."