Tuesday 20 November 2018
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iol - 3 month ago

Competition Commission recovers R290m in price-fixing case

Johannesburg - The Competition Commission has recovered about R290 million in settlements in the motor industry. In a case that has been dragging since 2012, the Competition Commission reached a settlement with Japanese company Kawasaki Kisen Kaisha Ltd (K Line) in a price-fixing case against them. The company paid R98 928 170.05. Two other companies admitted to their role in the colluding scandal in 2015 and paid fines. NYK, also a Japanese company, paid an administrative penalty of R103 977 927 and WW

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