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Competition Commission

  • What lies ahead for ‘Megabrew'?
  • Yesterday saw the board at SABMiller finally happy with an offer from Belgium brewer Anheuser Busch InBev. If it goes through, further to the necessary regulatory approval, the deal will be the biggest to happen in the UK. So what could stand in the way of the deal to form this ‘Megabrew'? And will shareholders be happy further down the line? Let's take a closer look… Many hurdl... ››› more
  • [14 October 2015]
  • There's a trading war between two telecoms giants Here's how to profit from it…
  • Telkom has had a number of advantages over its rivals, including its monopoly legacy and infrastructure which locked South Africans into contracts and its expertise in building fixed-line networks. Subsequently, Telkom has kept a firm control on fixed-line services in South Africa. But one recent announcement is about to change all this. It's about to start a very interesting "war" in th... ››› more
  • [15 July 2015]
  • Five banks are to pay $5.8 billion in fines over market rigging
  • Five of the world's largest banks are facing fines amounting to almost $6 billion. This follows investigations into currency rigging. Four of the banks' fines relate to forex market rigging. The other bank's fine relates to the rigging of benchmark interest rates. Let's take a closer look at what happened… For five years, currency traders manipulated the forex market Five of the w... ››› more
  • [21 May 2015]
  • Shares in Group Five plunge over 17% after the company warns of a stark drop in earnings
  • Group Five saw its shares dive yesterday following the release of a trading statement. The company warned that earnings would be significantly lower in its interim results, due for release in the New Year. Let's take a closer look at why Group Five's earnings are under so much pressure… Group Five shares fell the most in 14-years Yesterday saw shares in construction firm Group Fiv... ››› more
  • [18 November 2014]
  • MMI to buy an insurance unit from Alexander Forbes
  • Earlier today, insurer MMI Holdings said that it is to buy the Guardrisk insurance unit from Alexander Forbes. MMI says the move will help broaden its offerings. Since announcing the deal, MMI's share price has fallen. Let's take a closer look at the deal… MMI is to “buy the specialist insurance unit of financial services firm Alexander Forbes,” reports Fin24. The deal, worth R1.6 billion,... ››› more
  • [04 November 2013]
  • Shoprite stops Massmart selling certain competing products - for now
  • Last week, Shoprite filed an interdict with the Western Cape High Court to stop Massmart selling competing food items at the Cape Gate centre. Shoprite filed the claim based on an exclusivity clause in its lease contract. The court has now awarded an interdict to Shoprite. Let's take a closer look at what's going on... Today, the Western Cape High Court found “that the exclusivity clause in Sh... ››› more
  • [22 October 2013]
  • Acting competition commissioner revealed after porn scandal
  • Yesterday it emerged that the man at the helm of the Competitions Commission, Shan Ramburuth, had whittled away thousands of rands visiting adult sites. This led Mr Ramburuth to tender his resignation with immediate effect. The Minister for Economic Development, Ebrahim Patel, replaced Mr Ramburuth with Thembinkosi Bonakele as acting competition commissioner. Let's take a closer look at what went ... ››› more
  • [21 October 2013]
  • Shoprite takes legal action against Walmart
  • In a bid to tackle competitor Walmart, Shoprite is turning to exclusivity clauses in its leases with shopping malls. This step to fight the competition saw Shoprite file a suit with the Western Cape High Court. Let's take a closer look at what's going on... Shoprite is fighting off Walmart with “an interesting weapon,” reports BDLive. The South African grocer is resorting to “exclusivity c... ››› more
  • [16 October 2013]
  • Cell C complain to Competition Commission about MTN and Vodacom's call rates
  • Earlier today, it emerged that Cell C had lodged a complaint with the Competition Commission over their call rates. Cell C claims that the higher fees MTN and Vodacom charge for calling out with their respective networks directly impacts smaller operators. The news comes just days after the communications regulator said it would slash fees that mobile operators charge for using their networks. Let... ››› more
  • [09 October 2013]
  • Telkom's share price soars on positive trading statement
  • Earlier today, Telkom released a positive trading statement about its interim results to the end of September. In the statement, the telecoms giant said that it expects earnings to come in much higher for the period. The share price rallied on the news. Let's take a closer look at what the trading statement revealed… Telkom says that it expects “its interim headline and basic earnings per sh... ››› more
  • [08 October 2013]
  • The market punished Aveng's share price as its profits dip
  • Earlier today, construction company Aveng released its full year results. And they showed that the company's profit margin was suffering. So far today, Aveng's shares have fallen 4.62%. Let's take a more detailed look at what the results showed… Aveng, the top construction company in SA, posted “a drop in full year profit,” reports IOL. The company says that “weakness in its domestic con... ››› more
  • [10 September 2013]
  • Earnings rocket at Group Five
  • Group Five released its annual results today. The company posts a profit after its struggles last year. Let's have a closer look at what the results revealed… Construction company, Group Five, “returned to profit in the year through June,” reports IOL. This is mainly down to growth in its order book and the closure of “an unprofitable Middle East unit”. The firm reported “an 88% r... ››› more
  • [12 August 2013]
  • Competition Tribunal confirms settlements with construction firms
  • The Competition Tribunal sanctions the Competition Commission's settlement with the construction companies guilty of bid-rigging. After addressing the legal side, the companies in question now have to pay their fines, amounting to R1.46 billion… Yesterday saw the Competition Tribunal confirming “settlement agreements reached” with construction firms “fined for collusive tendering,” say... ››› more
  • [23 July 2013]
  • Watchdog verdict: Prosecute construction cartel for bid-rigging
  • Following bid-rigging by construction firms over World Cup tenders and other projects, yesterday Corruption Watch said that directors of the firms who had knowledge of the collusion should face prosecution. At the end of June, 15 construction firms agreed to pay fines amounting to R1.46 billion by the Competition Commission. But it looks like this saga is anything from over… Yesterday, saw a h... ››› more
  • [18 July 2013]
  • Nobody's talking about it, but this could be the best sector to invest in this year!
  • Ask anyone what they're investing in this year and you'll hear a wide range of opinions… "Mining shares are just so cheap you can't avoid them!" "A new consumer is born every 3 seconds - you need to buy retailers" "Our banks are in a much better place than international ones; this is a good time to buy" But the one sector I haven't heard anyone discuss lately is construction. Granted... ››› more
  • [04 July 2013]
  • R1.46 billion: That's how much bid-rigging cost 15 construction firms
  • The results of the Competition Commission's investigation into the construction industry are shocking. Today, it emerged that so far 15 firms have agreed to fines amounting to R1.46 billion for participating in collusive behaviour with other companies. Let's see what the investigation unearthed… Today, members of the Competition Commission confirmed that the body had “investigated 140 projec... ››› more
  • [24 June 2013]
  • Telkom's earnings plunge 73.2%!
  • Bad news emulates from Telkom this week. After wiping billions off its assets on Tuesday, the fixed-line operator has announced massive losses in headline earnings per share. Here's what's going on… On Tuesday, fixed-line operator Telkom announced that it was writing down the value of its assets by a whopping R12 billion. The group took this decision to mirror its lower share price when compar... ››› more
  • [14 June 2013]
  • Don't sell your construction industry shares just yet
  • At the World Economic Forum meeting in Davos last month, President Zuma and Finance Minister Pravin Gordhan assured investors that SA's finances are sound and its 37% ratio of debt to GDP is manageable. But the recent construction tender rigging scandal is dampening foreign investors' confidence in the local construction industry. But don't make a hasty investment decision. Here's why you shouldn'... ››› more
  • [11 February 2013]



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