The Competition Tribunal has approved the acquisition by Remgro’s Community Investment Ventures Holdings of Vumatel, but has attached long-term conditions to the sale.
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Three media companies have collectively been fined tens of millions of rand for price fixing and the fixing of trading conditions. The Competition Commission wants the firms to cough up for their “cartel conduct”.
The Competition Tribunal has issued a R20-million “administrative penalty” against Computicket for abusing its dominance between mid-2005 and 2010. It has 60 business days to pay the fine.
The Competition Commission claims ticketing firm Computicket and its parent, retail group Shoprite Checkers, are guilty of anticompetitive conduct and has referred the two companies for prosecution.
The Competition Commission said on Monday that the controversial channel-supply agreement between MultiChoice and the SABC, signed in 2013, amounted to a merger.