Pipe cartelist's fines reduced by Appeal Court

2nd December 2013

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.

Source.