4 POINTS OF ACTION
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.