South Africa: Chemical Companies Fined R37 Million for Cartel Conduct

Two companies involved in the manufacturing and supply of key chemical input materials used to make detergents, cosmetics and toiletries have agreed to pay fines after admitting to price fixing and dividing markets.

The Competition Commission of South Africa said Investchem has agreed to pay a penalty of R23 423 155, while Akulu will pay an amount of R13 905 600.40 in terms of the settlement agreement each concluded with the Commission.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.