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Competition Commission

  • If you hold property or retail shares you need to read this
  • If you hold property stocks, or one of the big four supermarket chains you need to listen up… A major new finding by the Competition Commission is coming into effect, and it could have far reaching implications for these companies. Let me show you in more detail. ________________________________________   Is this the secret to becoming a stock market millionaire?    ... ››› more
  • [04 December 2019]
  • 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]
  • 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]
  • 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]

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