https://newsletter.en.creamermedia.com
Africa|Road|transport|tyres
Africa|Road|transport|tyres
africa|road|transport|tyres

Competition Tribunal starts hearing on alleged price fixing in the tyre industry

31st January 2022

By: Irma Venter

Creamer Media Senior Deputy Editor

     

Font size: - +

The Competition Tribunal on Monday started online hearings into alleged price-fixing in the domestic tyre industry.

The respondents are Apollo Tyres South Africa; Goodyear South Africa; Continental Tyres South Africa; Bridgestone South Africa; and the South African Tyre Manufacturers Conference (SATMC).

The Competition Commission alleges that from around 1999 to 2007, the respondents discussed and agreed to fix the prices of passenger, light-truck, bus, off-road, agricultural and earthmoving tyres. 

This was allegedly done through the SATMC, an association for tyre manufacturers in South Africa. The respondents were all members of the SATMC.

The matter before the Tribunal emanates from a price-fixing complaint lodged by Parsons Transport with the Competition Commission. 

Following an investigation, the commission concluded that the conduct of the tyre manufacturers contravened Section 4(1)(b)(i) of the Competition Act, which deals with price fixing.

Following the commission’s investigation, Bridgestone applied for, and was granted, conditional immunity from prosecution in terms of the commission’s Corporate Leniency Policy. 

Apollo, in turn, settled with the commission in December 2011, and paid an administrative penalty of R45-million. 

The commission is now seeking relief against the remaining respondents for alleged price fixing, and is asking that administrative penalties also be imposed against them. 

The respondents deny the commission’s claims against them. 

 

Edited by Creamer Media Reporter

Comments

 

Latest News

China flag
China's top diplomat heads to Africa as West's attention dwindles
Updated 2 hours 50 minutes ago By: Reuters
Mikel Mabasa
EV tax break may lure China to $27bn South Africa industry
Updated 2 hours 29 minutes ago By: Bloomberg

Showroom

Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 
Klüber Lubrication
Klüber Lubrication

Klüber Lubrication ensures that the world’s essential systems—drive units, machines, and water flow—operate efficiently, sustainably, and reliably...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.224 0.323s - 201pq - 2rq
Subscribe Now