A PYMNTS Company

Botswana: Two more companies fined for role in roof bolts cartel

By  |  September 23, 2012
Botswana: Two more companies fined for role in roof bolts cartel

The Competition Tribunal’s decision, after hearing evidence by the two firms on their conduct at the time, finally brings the case, which started in 2009, to an end. The Competition Commission initiated an investigation into the cartel after it received information from Murray & Roberts when the company successfully applied for corporate leniency on behalf of its subsidiary RSC Ekusasa Mining. The two firms were also involved in an agreement to bid low prices for a tender from Goldfields, in an attempt to punish Duraset. Videx also unsuccessfully attempted to fix prices with RSC Ekusasa Mining on a bid for a tender from Harmony in October 2005 so that it could win the bid.

    Get the Full Story

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

    Subscribe 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.

    Full Content: BDLive

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

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