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31 October 2014
   
 
 
Article by: Creamer Media Reporter
 
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This appeal concerns two separate but interrelated disputes between respondent and first and second appellants respectively. Briefly, on 29 November 2010 the Competition Tribunal (‘the Tribunal’) held that first appellant, after admitting to contraventions of the Competition Act 89 of 1998 (‘the Act’) had contravened ss 4(1)(b)(i), (ii) and (iii) of the Act. It imposed an administrative penalty on first appellant of R16 882 597.00, calculated on the basis of 10% of first appellant’s turnover for its 2008 financial year, that turnover being in the amount of R 168 825 969. 00.

Edited by: Creamer Media Reporter
 
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