Tag: fined
Companies fined for COVID-19 price fixing
The Competition Tribunal has been clamping down on companies that have been hiking prices of sanitisers and masks since the COVID-19 outbreak.
On Friday, the Tribunal said it had confirmed two consent...
Lockdown invalid: What happens to those who’ve been arrested or fined?
Heads will be spinning in Cabinet on Wednesday, as the government attempt to get a grip on the Pretoria High Court’s damning verdict. A judge declared the current form of lockdown “unconstitutional...
Steinhoff has been fined R53 million for misleading markets
South Africa’s market regulator has fined retailer Steinhoff a record 53 million rand ($3.6 million) for making “false, misleading or deceptive statements” to the market, the company said on Thursday.
Steinhoff disclosed...
Chemical companies fined R37m for cartel conduct
Two companies involved in the manufacturing and supply of key chemical input materials used to make detergents, cosmetics and toiletries have agreed to pay fines after admitting to price fixing and...
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Two SAB plants get R5.8 billion upgrades
The R5.8 billion investment commitment made by South African Breweries (SAB) has been utilised to increase capacity at two of its plants.
The company said...
