Organisation: Competition Commission (South Africa)

South African enforcer’s forex probe largely collapses

A South African appellate court has dealt a major blow to the Competition Commission’s far-reaching forex cartel probe by removing 24 of the 28 defendants from the case.

09 January 2024

AkzoNobel deal suffers another blow

South Africa’s Competition Tribunal has rejected behavioural, structural and public interest remedies from AkzoNobel as part of a decision confirming the prohibition of its acquisition of Kansai Paint’s African business.

22 November 2023

Second bank breaks rank in South African forex cartel probe

South Africa’s Competition Tribunal has approved a €2.1 million settlement agreement between Standard Chartered Bank and the Competition Commission after the former confessed to rigging foreign exchange rates.

15 November 2023

South African enforcer calls for simultaneous cross-border merger filings

Forcing companies to file cross-border transactions simultaneously will help enforcers to cooperate in merger reviews, a top official at South Africa’s competition watchdog has said.

18 October 2023

Chemical merger block upheld in South Africa

South Africa’s sole liquid cyanide producer and a Czech rival have failed in their bid to overturn the antitrust authority’s merger prohibition.

13 October 2023

BRICS enforcers signal joint enforcement action in digital markets

Enforcers in Brazil, Russia, India, China and South Africa plan to coordinate antitrust investigations in the digital economy, a commissioner at Brazil’s competition authority has said.

13 October 2023

Broader approach to sustainability is needed, South African enforcer says

Competition policy should address the broader socio-economic objectives of the UN Sustainable Development Goals, rather than focus narrowly on climate change, a top official at South Africa’s antitrust authority has said.

12 October 2023

South Africa doubles down on public interest interventions

South Africa’s Competition Commission has floated amendments to its merger guidelines clarifying that it gives “equal status” to competition and public interest concerns when carrying out reviews.

29 September 2023

South Africa discloses Johnson & Johnson probe following press scrutiny

An “unprecedented” probe by South Africa’s competition watchdog is investigating whether Johnson & Johnson charged excessive prices and unlawfully blocked rivals from selling generic versions of its tuberculosis drug.

15 September 2023

South Africa flags barriers to women-owned businesses

South Africa’s Competition Commission has called on the government to adopt preferential procurement measures for women-led businesses and provide greater access to funding after identifying barriers for female entrepreneurs.

01 September 2023

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