A PYMNTS Company

South Africa: High court takes stance against antitrust regs in steel cartel case

By  |  June 3, 2013
South Africa: High court takes stance against antitrust regs in steel cartel case

South Africa’s Supreme Court of Appeal has sided with steel companies defending themselves against the Competition Commission, which is accusing the companies of forming a steel cartel, according to reports. The SCA has ruled that the Commission must show the companies, ArcelorMittal South Africa and Cape Gate, documents pertaining to the case. The SCA’s ruling upheld the companies’ cross-appeal, dismissing an earlier appeal by the antitrust regulator. Specifically, the two companies are seeking the documents currently in the hands of the Commission that contain information about Scaw South Africa, the company that first informed the authorities of a possible cartel and subsequently applied for leniency. A complaint was lodged to the Competition Tribunal against ArcelorMittal SA and Cape Gate by the Commission based on the information given by Scaw South Africa.

    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.

    Full Content: Business Report

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