The Competition Commission raided the properties of seven meat suppliers on Wednesday.
The raids form part of an ongoing inquiry into suspected price fixing.
These are the suppliers that are under investigation:
- Fabvleis Midland Meat.
The Money Show’s Bruce Whitfield interviewed Karan Beef CEO Arnold Pretorius.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
We only became aware of the raids this morning when the people walked in.— Arnold Pretorius, Karan Beef
We did not expect it at all.— Arnold Pretorius, Karan Beef
We did not think the meat industry requires investigation at all.— Arnold Pretorius, Karan Beef
There is no price fixing [as far as Karan Beef is concerned].— Arnold Pretorius, Karan Beef
The price of calves is solely determined by supply and demand.— Arnold Pretorius, Karan Beef
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