Media24 pays hefty fine for corruption and cartel conduct

By BO Staff Writer White-owned media companies have been nabbed for corruption, price-fixing and cartel conduct by the Competition Commission and are expected to pay hefty fines for the conduct. Naspers owned Media24 has admitted guilt and will pay a fine of close to R14 million for participating in price fixing and fixing of trading …

Competition Commission acts on white owned pharmaceutical companies for price fixing relating to cancer treatment prices

By BO Staff Writer The Competition Commission has cracked down on three pharmaceutical companies for price fixing relating to the cancer treatment prices. The Commission has initiated separate investigations against Roche Holding AG (Roche), Pfizer Inc (Pfizer) and Aspen Pharmacare Holdings Ltd (Aspen). Roche is a Swiss-owned company which is the second largest pharmaceutical company …

Big questions around the Guptas resigning from Oakbay Resources and Energy

By Pinky Khoabane There’s perhaps no clearer example of capitalists’ use of economic power to muzzle opponents than the decisions by financial institutions and an auditing firm to cut ties with investment company, Oakbay Resources and Energy which, until last friday was owned by the Gupta family. In the past week, ABSA, FNB and KPMG …