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.
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