https://newsletter.en.creamermedia.com
Cable|Power|Products|Cables
Cable|Power|Products|Cables
cable|power|products|cables

Tribunal confirms Alcon Marepha’s settlement and R1.37m fine

7th February 2019

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

The Competition Tribunal on Wednesday confirmed, as an order, a settlement agreement between power cable supplier Alcon Marepha and the Competition Commission, with Alcon to pay an administrative penalty of R1.37-million.

Alcon admitted to collusive tendering through the submission of cover prices for tenders issued by State-owned power utility Eskom.

Alcon, in agreement with competitors, allocated specific product lines and agreed on the prices to be charged per product line, from 1994 to 2008. Prices were maintained through the provision of cover prices.

Additionally, Alcon admitted to fixing the prices of power cables through the Association of Electric Cable Manufacturers South Africa. Under the auspices of the association, Alcon discussed and agreed to quotation indices with competitiors.

These indices were used to escalate prices when bidding for short- and long-term tenders to supply electric cabling products between 2001 and 2012.

Alcon agreed to further cooperate with the commission in respect of ongoing investigations around the matter.

Edited by Creamer Media Reporter

Comments

Showroom

Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer

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:5.264 5.426s - 196pq - 2rq
Subscribe Now