Today's Big Stories

Six shipping companies probed for price fixing

The Competition Commission is currently conducting an investigation into six shipping companies based in the Western Cape and KwaZulu-Natal for allegations of price fixing.

The commission received a tip off from members of the public who discovered that these companies have fixed prices for shipment of cargo from Asia to South Africa.

Itumeleng Lesofe, commission spokesperson says in terms of the Competition Act, companies who are competitors are prohibited from having an agreement on prices or setting prices jointly.

Companies are expected to set prices independently...

Itumeleng Lesofe, spokesperson of the Commission

Lesofe says when companies agree on prices, it wont be for the benefit of consumers instead they make consumers pay inflated prices.

The commission says it will seize documents and electronic data from the premises of six firms including Maersk South Africa and the Mediterranean Shipping Company.

The information seems to suggest that these companies come together and agree on the level of increases and announce the they increase prices at the same time.

Itumeleng Lesofe, spokesperson of the Commission

In terms of the leniency programme, any member of the cartel who comes forth with information in exchange for immunity, the commission will consider that firm and grant them immunity form persecution.

Itumeleng Lesofe, spokesperson of the Commission

Listen to the full conversation below:


Recommended

by NEWSROOM AI
Read More
Veterans and ANC not on same page about terms of consultative conference

Veterans and ANC not on same page about terms of consultative conference

ANC vets want civil society groups present at the consultative conference, which they want held separately from another meeting.

Top SABC journos applauded for brave testimony

Top SABC journos applauded for brave testimony

EWN's Gaye Davis summarises the evidence of the SABC journalists who appeared before the ad hoc committee in Parliament.

If you're gona be a hero (and smash a car window), make sure you can prove harm

If you're gona be a hero (and smash a car window), make sure you can prove harm

A criminal lawyer explains what leg citizens can stand on if they witness a child or pet locked in a vehicle in risky conditions.

SABC 'in contempt of court' if Motsoeneng reports for duty, says DA

SABC 'in contempt of court' if Motsoeneng reports for duty, says DA

The DA's James Selfe says it is not clear whether SABC's Hlaudi Motsoeneng will be either fired or suspended pending an inquiry.

Tweeps throw shade as court shows Motsoeneng the door

Tweeps throw shade as court shows Motsoeneng the door

A judge has ruled that Hlaudi Motsoeneng should not hold any position at the SABC and Twitter has wasted no time reacting.

Why family traditions matter

Why family traditions matter

Whether it's breaking bread or celebrating through song and dance, family rituals and traditions can create a sense of belonging.

Popular articles
Adriaan Basson the second journalist to lay a charge against an EFF member

Adriaan Basson the second journalist to lay a charge against an EFF member

Earlier on Friday, Karima Brown laid a charge of intimidation against a party member who sent her what she says is a threatening text.

'Love your vulva the way it is' - Designer vaginas are dangerous, warns Dr Eve

'Love your vulva the way it is' - Designer vaginas are dangerous, warns Dr Eve

So-called 'designer vaginas' are created through various surgical or non-surgical procedures, explains clinical sexologist Dr Eve.

Two Gauteng mayors before ANC Integrity Commission for hampering VBS probe

Two Gauteng mayors before ANC Integrity Commission for hampering VBS probe

The ANC says this decision was taken because the two are said to be frustrating forensic investigations.

'Cyril is the most popular president since Nelson Mandela'

'Cyril is the most popular president since Nelson Mandela'

Author Max de Preez weighs in on where SA would be if Jacob Zuma was still president and the impact of Ramaphosa now.

Kirstenbosch curator's widow thanks hospital's 'unsung heroes'

Kirstenbosch curator's widow thanks hospital's 'unsung heroes'

Kirstenbosch National Botanical Gardens curator Phillip Le Roux died on Wednesday after a horrific cycling accident.

Here is what to do if you're affected by driving licence backlog

Here is what to do if you're affected by driving licence backlog

The WC Traffic Department has made provisions to cater for motorists affected by the backlog with the issuing of driving licences.

[WATCH] Nativity play turns hilariously violent as fight for baby Jesus ensues

[WATCH] Nativity play turns hilariously violent as fight for baby Jesus ensues

Khabazela shares tweets and Facebook posts that have gone viral.

CapeTalk welcomes Lester Kiewit to line-up

CapeTalk welcomes Lester Kiewit to line-up

Well-known Cape Town broadcast journalist, Lester Kiewit will be back on the radio in the new year.