A PYMNTS Company

South Africa: Commission stays mum on butter dawn raids

By  |  April 22, 2014
South Africa: Commission stays mum on butter dawn raids

South Africa’s Competition Commission has declined to reveal the kinds of documents the regulator took during dawn raids conducted at offices of Unilever and Sime Darby Hudson & Knight, say reports, but the authority noted that the searches were part of its investigation into the edible oils and margarine market.

    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.

    Reports say the Commission said “it is too early” for it to reveal the exact nature of the taken documents but announced earlier this month that it plans to acquire electronic documents for analysis as part of the probe.

    In a statement, the Commission would only offer confirmation that the searches would hopefully help authorities “to determine whether or not Unilever SA and Sime Darby have indeed engaged in collusive conduct.”

    Full Content: BDLive

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