Major insurance companies under the whip
The Competition Commission raided the offices of eight major insurance firms this afternoon over alleged collusion and price fixing.
The Competition Commission raided the offices of eight major insurance firms this afternoon over alleged collusion and price fixing.
More regulation of the digital marketplace is not wanted, says the SBI. It wants to see the CompCom focus on meaningful priorities.
The Competition Commission has referred three recruitment specialists to the Competition Tribunal on charges of price fixing.
The Competition Commission has referred for prosecution to the Competition Tribunal Kawasaki Kisen Kaisha (K-Line), a Japanese company operating in South Africa.
The Competition Commission wants Unilever to pay a fine of 10% of its annual turnover in a cartel case.
Citigroup Inc. agreed to pay a penalty of almost R70 million ($5.4 million) to settle a South African antitrust investigation that said the U.S. bank participated in an alleged cartel to manipulate the value of the rand.
The Competition Commission referred a collusion case to the tribunal for prosecution against 17 banks, including three of South Africa’s big banks.
The JSE’s Banking Index has given up 13% since late April, pushed by Competition Commission investigation into apparent wide-scale rigging of forex markets.