A PYMNTS Company

South Africa: Cable cartel sent to Tribunal for fines

By  |  March 20, 2014

South Africa’s Competition Commission has reportedly referred findings that point to a cartel in the nation’s cable industry to the Competition Tribunal for possible fines.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The Commission reportedly found evidence of cable companies fixing the prices of power cables sold to manufacturers, wholesalers and others. The watchdog claims the alleged collusion prevented consumers from access to affordable prices, and is now seeking fines of 10 percent on the companies implicated.

    The findings follow a study launched in March 2010 in the industry; Aberdare Cables first approached regulators with the claims of price-fixing and thus applied for immunity.

    Full Content: BDLive

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.