The Competition Appeal Court has (on appeal) reduced the penalty imposed by the Tribunal on MacNeil Agencies (Pty) Ltd (MacNeil). MacNeil was implicated in price-fixing and market allocation in the PVC and HDPE pipe products market. The penalty was reduced from ZAR 2 million to ZAR 1.25 million to give appropriate effect to mitigating factors not taken into account by the Tribunal.
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As South African businesses suffer the impact of the Covid-19 pandemic and national lockdown, small businesses can apply for debt relief from most of the major South African banks and several State programmes. The Department of Small Business has announced multiple interventions to assist small businesses. In addition to tax subsidies and incentives for compliant businesses, the following programmes have been announced: →