Competition commission
SGBs urged to ensure school uniform costs don’t become burden on parents
The Competition Commission has issued a school uniform circular advising schools to adhere to guidelines.
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You can now service your car anywhere and keep the warranty
The Competition Commission wants to put an end to motorists being forced to have their in-warranty cars serviced or repaired only at the manufacturer’s approved service dealerships.
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Competition Tribunal dismisses SAEF bid to halt Thabong Coal merger with South32
Thabong Coal is a subsidiary of Seriti Resources Holdings, which has long-term supply contracts with Eskom.
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Competition Commission signs agreement with PnP to eliminate exclusive leases
This is in compliance with recommendations of the Grocery Retail Market Inquiry, which among others, highlighted that such agreements between businesses and property managers has an adverse impact on other industry players.
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Commission welcomes agreement to halt exclusive leases by Shoprite Checkers
A report from a grocery retail market inquiry by the commission found that long-term exclusive lease agreements were widely prevalent in the grocery retail sectors and harmed the choices available to customers who buy from shopping centres.
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Paarl pharmaceutical products supplier fined over R15k for face mask overpricing
Sentra Kem CCs has agreed to pay more R15,785.03 to the Solidarity Fund.
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Dis-Chem drops appeal against price gouging guilty verdict
In July, the Competition Commission revealed that its investigations found that the retail pharmacy had inflated prices on these products by up to 260%.
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COVID-19: SAHRC to meet with Competition Commission over inflation of prices
Several companies have been nabbed by the competition watchdog, which has taken a tough stance against businesses seeking to benefit unduly from the public health crisis.
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Commission wants maximum penalty for firm charged with hiking face mask prices
The watchdog said LevTrade International was guilty of excessive pricing and it wanted the Competition Tribunal to act decisively.
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Food prices stabilising after lockdown spike - Competition Commission
The Competition Commission has released a report showing the rand depreciation and panic buying were partial drivers of price increases in food markets at the beginning of the pandemic.
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MTN agrees to drop prices, 1 Gig of data down to R99
MTN was supposed to slash prices in May but didn't, leading to a standoff with the Competition Commission about some of the conditions attached with dropping prices.
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Why some of SA's biggest banks face corruption, collusion charges
The Competition Commission has expanded its case in a matter related to collusion to fix prices and divide markets. The commission has now included other additional lenders, including some of the country's biggest banks. Business reporter Arabile Gumede gives an update.
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Banks charged for manipulating exchange rate to file responses
The Competition Commission said on Tuesday that it had expanded its case to target other additional lenders, including some of the country’s biggest banks.
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Competition Commission files new charges against banks over rand manipulation
The new referral also expands the scope of the prosecution to include five more banks, including the Nedbank Group, Rand Merchant Bank and Standard Americas.
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Competition Commission welcomes finding against Babelegi over price hikes
The company inflated its prices for face masks in contravention of the Competition Act.
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Companies guilty of inflating mask prices by 900% agree to pay R1.5m fine
Sicuro Safety and Hennox Supplies have reached a settlement with the Competition Tribunal and will jointly contribute R200,000 to the Solidarity Relief Fund.
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Dis-Chem facing penalty of 10% of turnover for allegedly hiking mask prices
Dis-Chem is alleged to have hiked the price of surgical masks by between 43% and 261%.
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Competition Commission flooded with complaints on unfair pricing
Commissioner Tembinkosi Bonakele said that they’d received 1,354 notifications about huge mark-ups on basic food items and COVID-19 supplies such as face masks and sanitiser.
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Mask suppliers fined R1.7mil for inflating prices by over 900%
Sicuro Safety and Hennox Supplies were charged with contravening the Consumer Protection Act regulations after admitting to increasing prices for certain masks by more than 969.07% and 956%, respectively.
