Mergers and Acquisitions
In terms of Section 12 of the
Competition Act, 1998 (Act No.89 of 1998), a merger is defined as "the direct or indirect acquisition or direct or indirect establishment of control by one or more persons over all significant interests in the whole or part of the business of a competitor, supplier, customer or other person".
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Prohibited Practice
Any firm, individual or association of individuals or firms may lodge a complaint with the Competition Commission if there is a reasonable suspicion that a contravention of Chapter 2 is taking place or has taken place. The Commissioner may also initiate a complaint on the same grounds. In terms of section 45(1) of the Act, the Commission must investigate all complaints that fall within the jurisdiction of the Act.
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BANKING ENQUIRY WEBSITE |
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Adcock Ingram Critical Care admits involvement in cartel and
agrees to penalty
The Competition Commission, Tiger Brands Limited and Adcock
Ingram Critical Care today signed a consent agreement in which
AICC admits its involvement in a cartel and has agreed to an
administrative penalty of 8% of its annual turnover. The penalty
amounts to R53 502 800.00. In percentage terms this is the
highest penalty to date for collusive behaviour. |
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Vacant posts are advertised in the Sunday Times and will be advertised on our website.
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