South Africa: Tribunal fine for Telkom appealed

The Competition Commission is looking into increasing a $50 million fine first administered Telkom SA last August by the Competition Tribunal. The Commission had originally ought a fine of up to $385 million, but according to a spokesperson, the fine had been reduced after a decision to not pursue a case against Telkom for price discrimination and excessive price fixing. The appeal to increase the fine will now include these cases, though did not release information on the exact fine it plans to land against the company already fined for abuse of dominance. Telkom will also reportedly appeal the fine.

CORRECTION:

CPI has revised the headline and content of this piece. The Tribunal originally administered the fine of $50 million; the Competition Commission is appealing the fine in the Competition Appeals Court and seeking a higher fine. The original piece incorrectly stated that the Tribunal was appealing the fine.

Full Content: Reuters

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