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South Africa: Japanese car carrier fined for price-fixing

By  |  August 22, 2018

The Competition Commission of South Africa has reached a settlement agreement with K-Line, under which the Japanese company will pay a 98 million rand (US$5.9 million) fine for its role in the global roll-on, roll-off shipping cartel.

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    The vehicles were for export to Europe, North America, the Mediterranean coast, and the Caribbean islands via Europe, West Africa, East Africa, and Latin America.

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    Sipho Ngwema, the head of communications at the Commission, said on Tuesday, August 21, that although the Commission charged K-Line with 15 separate instances of contraventions of the Competition Act, the company had only admitted to eight contraventions.

    K-Line’s settlement agreement with the Commission still has to be confirmed by the Competition Tribunal.

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