Tag Archives | Competition Commission

Competition Commission investigates conduct of all pharmaceutical companies operating in South Africa and BRICS

The DA welcomes the Competition Commission’s preliminary investigation into the market conduct of all pharmaceutical companies operating in South Africa and in the BRICS (Brazil, Russia, Brazil, India, China and South Africa) consortium. The World Bank has raised concerns about cartel-like practices that tend to drive medicine prices upwards and this requires investigation. Following extensive…

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Competition Commission agrees to DA request to probe Aspen in SA

The DA welcomes the Competition Commission’s (CC) decision to take up the DA’s request to investigate the alleged anti-competitive conduct of Aspen Pharmacare, on its preliminary investigation into the pharmaceutical sector. Media reports last week both locally and internationally, detailed how staff at Aspen Pharmacare allegedly conspired to dispose of life-saving cancer medicine in order…

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DA to ask Competition Commission to probe Aspen anti-competitive allegations

The DA will today write to the Competition Commission (CC) and the Medicines Control Council (MCC), as the body responsible for the regulation of the pharmaceutical industry in South Africa, to request that they investigate the market conduct of leading South African pharmaceutical company Aspen Pharmacare. Recent reports in the United Kingdom and South Africa…

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Give Competition Tribunal space to adjudicate bank collusion case

The DA notes the Competition Commission’s referral to the Competition Tribunal of a collusion case against 17 banks. The matter concerns price fixing and market allocation in the trading of foreign currency pairs involving the Rand. We take collusion very seriously, as it works against fairness and opportunity in the marketplace and ultimately hurts the…

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Competition Commission must come clean on employees’ conflicts of interest

I have asked the Chair of the Portfolio Committee on Economic Development, Mmathulare Coleman, to summon the Competition Commission before Parliament so that it can account for potential nepotism at the public entity. In the Competition Commission’s 2015/2016 Annual Report, tabled yesterday in Parliament, the Auditor-General notes that: “Persons in service of the public entity…

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DA to refer SAA to Competition Commission for collusion with Mango

The DA will request that the Competition Commission launch a full-scale investigation into the alleged collusion between SAA and Mango Airliners that has seen the latter being able to offer drastically discounted flights through subleasing of aircraft at discounted rates by SAA. This effectively means that both Mango and SAA have been losing money and…

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