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”.
Browsing: competition tribunal
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.
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.
Listed printing and publishing company Caxton on Wednesday presented its understanding of the Naspers control structure which, if true, would mean the end of the Keeromstraat-Nasbel voting pool that currently controls the Naspers group. Caxton argued this
MultiChoice’s advertising sales business, DStv Media Sales, has been fined R180m for price fixing and the fixing of trading conditions in contravention of the Competition Act
A finding by the South African antitrust regulator that more than a dozen local and international banks colluded to rig foreign-currency trades will bolster government accusations that the nation’s biggest lenders