https://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / All News RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Embed Video

2

ACSA to pay R2m for price fixing

ACSA to pay R2m for price fixing
Photo by Duane Daws

30th March 2015

By: Sapa

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

The Airports Company South Africa (ACSA) has agreed to pay almost R2-million for fixing the prices of parking bays at OR Tambo International Airport in Johannesburg, the Competition Commission said on Monday.

"In terms of the settlement, ACSA admits that it engaged in price fixing conduct. ACSA has agreed and undertook to pay an administrative penalty in the amount of [R1.98-million]," the commission said in a statement.

Advertisement

"The commission's investigation revealed that ACSA and Bombela, who are competitors in the market for the supply of parking bays, agreed to fix rates for parking bays supplied to car rental companies."

On Friday, the Competition Tribunal confirmed the consent agreement.

Advertisement

ACSA could not immediately be reached for comment.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now