A PYMNTS Company

South Africa: Competition Commission investigates alleged wire price-fixing

By  |  January 22, 2015

South Africa’s Competition Commission is set to take on Allens Meshco regarding alleged price-fixing in the wire industry. Various companies are involved in the case including Allens Meshco, Wireforce, Hendok, Independent Galvanising and Associated Wire Industries, in connection with the price-fixing of the galvanized wire and wire products industry and the supply of nails.

Revised thresholds:

The commission has asked the Competition Tribunal to fine the defendants a maximum of 10 percent of their firm’s annual turnover if they are found guilty.

The hearing is set for 22 January to 4 February.

Full Content: CNBC Africa

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