Last chance for companies to clear cartel skeletons
Posted on 09. Jun, 2010 by admin in Uncategorized
Webber Wentzel, one of the leading law firms in Africa, has warned today that the imminent criminalisation of cartel activity under amendments to the Competition Act means there is only a limited window of opportunity for companies to clear the cartel skeletons from their cupboards.
CompComm calls on millers to settle cartel cases
Posted on 03. Jun, 2010 by admin in News-Food
The Competition Commission calls on firms active in the milling of white maize and wheat to approach it for possible settlement of their cases. This is a once-off offer for firms that may have been involved in cartel activity in the milling sector to come clean and cooperate with the Commission. In return, a firm [...]
White Maize Milling cartel referred for prosecution
Posted on 31. Mar, 2010 by admin in News-Food
The Competition Commission has today referred its findings of price fixing of milled white maize to the Competition Tribunal for prosecution.
Pioneer capitulates
Posted on 29. Mar, 2010 by admin in Business-Financial Results, News-Food
Negative public sentiment has forced a hurried reconstitution of the Pioneer Food Groups board as fallout from Competition Commission issues refuse to go away.
SA wheat millers to be prosecuted
Posted on 15. Mar, 2010 by admin in News-Food
The Competition Commission, subsequent to its investigation into collusion in the wheat milling market, has referred its findings to the Competition Tribunal against Pioneer Foods (Pty) Limited (“Pioneer”), Foodcorp (Pty) Limited trading as Ruto Mills (“Foodcorp”), Godrich Milling (Pty) Limited (“Godrich”), Premier Foods (Pty) Ltd (“Premier Foods”) and Tiger Brands Ltd
Sasol’s ability to innovate will trump social indiscretions
Posted on 08. Mar, 2010 by admin in Business-Financial Results, News-Chemical
JSE listed petrochemicals giant will be forgiven its social indiscretions simply because it is one of the most innovative companies in South Africa. That’s the view of the ManufacturingHub.co.za team who believe that unlike listed food group Pioneer, Sasol will not only learn but continue to innovate in the coming years.
Sasol Oil cooperates with Competition Commission in bitumen pricing case
Posted on 04. Mar, 2010 by admin in News-Chemical
The Competition Commission (the Commission) today announced that it has referred the findings of their investigation into bitumen pricing to the Tribunal for adjudication.
Commission appeals bread cartel penalty
Posted on 25. Feb, 2010 by admin in News-Food
The Competition Commission yesterday lodged an appeal with the Competition Appeal Court against the Competition Tribunal’s earlier ruling on the administrative penalty imposed on Pioneer, for its involvement in the bread cartel. In this case the Commission alleged that Pioneer Foods, which owns Sasko and Duens bakeries, together with Tiger Brands, Foodcorp and Premier Foods [...]
Pioneer: Doing itself no favours
Posted on 04. Feb, 2010 by admin in News-Food, Uncategorized
Pioneer Food Group and its bread business are doing itself no favours by continuing its battle with the Competition Tribunal over bread price fixing. On Wednesday the Tribunal announced that it was imposing a fine of R195m on the food group which comprised R46 019 954 which is 9.5% of the turnover for the bread [...]