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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.

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

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