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 …
By BO Staff Writer On 29 July 2017 BLF charged the following 18 banks for various offences including collusion, corruption, theft, fraud and money laundering relating to price fixing and the division of the markets: Accused 1: Bank of America Merrill Lynch International Limited (Bank of America); Accused 2: BNP Paribas; Accused 3: JP Morgan …
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 …
By BO Staff Writer This morning, the Competition Commission searched the premises of nine fruit and vegetable market agents‚ who it accuses of running a cartel to undercut the prices of their competitors. The raid involves a search and seizure operation that is part of the investigation into the conduct of the cartel that amounts …
By BO Staff Writer Yet another South African company has been found guilty of corruption and “cartel conduct” by the Competition Commission. The Commission wants Unilever, of which Johann Rupert’s Remgro has a 25.8% stake, to pay a penalty equal to 10% of its annual turnover for cartel activity with the edible oils & fats …
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 …
