Competition Commission still investigating Transnet
The Competition Commission's investigation will look into Transnet's pricing structure.
JOHANNESBURG - The Competition Commission said that it appeared that Transnet was charging much higher than the global average for its services and that has motivated the commission to launch an investigation.
The commission released a statement yesterday saying it could take at least a year to investigate the state-owned logistics company for excessive pricing and giving preferential treatment to some consumers.
The information was found in the public domain when the commission was doing an analysis.
Deputy commissioner, Hardin Ratshisusu, said the statement was not a finding and the commission and that it was still in the process of investigating the matter.
"We will still have to look into this conduct, investigate and understand in much more detail the pricing behaviour of Transnet. Normally we look at a one year horizon to look into investigations of this nature depending on the complexity."