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South Africa: Commission falters from global policy in excessive pricing case, says defense

 |  May 30, 2013

The first witness for Sasol Chemical Industries, currently facing South Africa’s Competition Tribunal for allegations by the Competition Commission of excessive pricing, says the Commission strays from global antitrust practice and its case against Sasol is “peculiar, unique and unusual.” Sasol’s first witness Joege Padilla made the remarks to the Tribunal on Wednesday. According to Padilla, the Commission failed to recognize that higher prices for domestic products are generally higher than export prices, as is the case with polypropylene, and described the case against Sasol as “convoluted.” Padilla is the head of antitrust consulting firm Compass Lexecon.

Full Content: BDLive

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