Airbag, seatbelt manufacturers facing collusion probe

The settlement follows the commission’s investigation into collusive conduct of manufacturers which began in 2012.

FILE: Members of the Competition Commission's executive committee, Nompucuko Nontombana (left), Tembinkosi Bonakele (centre) and Hardin Ratshisusu (right). Picture: @CompComSA/Twitter

JOHANNESBURG – The Competition Commission says that manufacturing companies will be investigated for possible colluding after Autoliv agreed to pay a penalty of almost R150 million.

The manufacturer of airbags, seatbelts, and steering wheels has concluded a settlement agreement with the commission for price fixing, market division and collusive tendering with competitors.

The settlement follows the commission’s investigation into collusive conduct of manufacturers which began in 2012.

The commission’s Sipho Ngwema says: “We’re taking this agreement to the Competition Tribunal for it to endorse it, to make it an order, and then the investigation on other companies who were part of this collusion continues.”