Maersk, MSC investigated for alleged collusive practices

The Competition Commission carried out raids yesterday at six companies in the Western Cape and KZN.

Cargo Vessel generic. Picture: freeimages.com

JOHANNESBURG - Maersk and MSC are among a number of cargo shipping companies being investigated for alleged collusive practices.

The Competition Commission carried out raids yesterday at six companies in the Western Cape and Kwazulu Natal, following a tip-off.

The firms have allegedly been fixing shipping rates between Asia and South Africa, contravening the Competition Act.

The commission's Itumeleng Lesofe says: "Contravening the Competition Act has severe consequences. If a firm is found to have contravened the Competition Act, it may be fined up to 10% of its annual turnover."