4 POINTS OF AC­TION

CityPress - - Business -

2006: The Com­pe­ti­tion Tri­bunal blocked the merger of Sa­sol, the coun­try’s largest pro­ducer of re­fined white fu­els, and En­gen, the coun­try’s largest re­tailer of fuel prod­ucts. The merged en­tity would have en­joyed a near mo­nop­oly of re­fin­ery ca­pac­ity and a con­sid­er­able re­tail mar­ket share in the in­land mar­ket, the tri­bunal said. 2007: The Com­pe­ti­tion Com­mis­sion rec­om­mended that Pick n Pay should be pro­hib­ited from ac­quir­ing Fruit & Veg City – com­peti­tors in the re­tail mar­ket for fresh food.

It re­ferred its rec­om­men­da­tion to the Com­pe­ti­tion Tri­bunal. The com­mis­sion high­lighted the im­por­tance of vig­or­ous com­pe­ti­tion to en­sure prod­uct choice and com­pet­i­tively priced food prod­ucts. 2010: The Com­pe­ti­tion Com­mis­sion found three bread man­u­fac­tur­ers – Pi­o­neer Foods, Tiger Brands and Pre­mium Foods – guilty of an­ti­com­pet­i­tive be­hav­iour, in­clud­ing fix­ing the price of bread. Ac­cord­ing to a state­ment re­leased by the com­mis­sion in 2010, the trio was in­volved in a car­tel that con­trolled the price of white mealie meal and white flour. 2017: The Com­pe­ti­tion Com­mis­sion re­ferred a case of col­lu­sion to the tri­bunal for pros­e­cu­tion against in­ter­na­tional and lo­cal banks – Stan­dard Bank, In­vestec and Absa.

It re­vealed that it had been in­ves­ti­gat­ing a case of price-fix­ing and mar­ket al­lo­ca­tion in the trad­ing of for­eign cur­rency pairs in­volv­ing the rand for two years.

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