I was reading that Tiger Brands got slapped with a R98 million penalty for anti-competitive practices. And apparently that was relatively lenient for being co-operative.
In this case it was price-fixing, but does anyone have any ideas on what else might be considered an anti-competitive activity?Tiger Brands has been ordered to pay a R98,7-million penalty by the Competition Commission after admitting to participating in bread and milling cartels, the commission announced on Monday.
Tiger Brands also agreed to assist the commission in prosecuting remaining cartel members who have not cooperated with the commission.
It will implement a programme to eradicate anti-competitive practices in the company.
In December last year, Western Cape bread distributors complained about alleged bread and milling cartels. An investigation that ensued found Tiger Brands to be involved in illegal price-fixing in the bread industry, along with, among others, Premier Foods and Pioneer Foods.
full story from M&G here