EOH Holdings said in an update to shareholders on Tuesday that it’s weathering the Covid-19 economic storm, with its financial performance remaining “resilient” in the quarter ended 30 April.
MTN South Africa has finally reached a consent agreement with the Competition Commission over data prices, more than six weeks after rival Vodacom did the same.
The Competition Tribunal has blocked Naspers’s plan to buy WeBuyCars. This comes after the Competition Commission moved to prevent the R1.4-billion acquisition of a 60% stake in the company.
The Competition Tribunal has confirmed as an order the Competition Commission’s consent agreement with Vodacom over data prices.
MTN Group CEO Rob Shuter on Thursday voiced his disappointment in the Competition Commission’s report on the data services market in South Africa, arguing it was poorly framed and failed to acknowledge the successes of the industry.
Ticketing company Computicket, which is owned by retailer Shoprite, has lost an appeal over a R20-million fine imposed on it for “abuse of dominance”.
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.
The Competition Commission has elected not to refer complaints against pay-television operator MultiChoice and its SuperSport subsidiary to the Competition Tribunal.
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.
