R1m fine for print merger
THE COMPETITION Tribunal has approved a R1 million settlement agreement between the Competition Commission and the Natal Witness in relation to the latter’s failure to notify it of a merger between it and Mandla-Matla for the provision of printing services. In terms of the settlement agreement, Mandla-Matla would have to pay a penalty of R200 000 and the Natal Witness R800 000, making the total fine R1m, the tribunal said in a statement yesterday. Caxton had objected to the approval of this consent agreement on the basis that “the penalty imposed was inadequate”. Caxton is recognised as one of the largest publishers and printers of books, magazines and newspapers in South Africa. The company had initially asked the tribunal to impose a penalty of R40m, of which R20m would be suspended for five years.