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News PPC wins immunity in South African competition probe

PPC wins immunity in South African competition probe

Written by Global Cement staff 16 November 2020
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South Africa: The Competition Tribunal has confirmed an agreement between PPC and the South African Competition Commission granting the company immunity from prosecution in an investigation allegedly involving price fixing and market sharing between local cement producers from 1995 to 2009. The Cape Times newspaper has reported that the ruling additionally granted the company immunity from related fines. PPC has reportedly agreed not to engage in price fixing or prohibited conduct in the future. The Commission said, "In addition, it will have to develop a competition law compliance programme."

AfriSam and Lafarge Industries South Africa paid fines related to the case. However, a case against Natal Portland Cement (NPC) was dismissed.

Last modified on 18 November 2020
Published in Global Cement News
Tagged under
  • South Africa
  • PPC
  • Competition Commission
  • Competition
  • Competition Tribunal
  • LafargeHolcim
  • Natal Portland Cement
  • AfriSam
  • Lafarge Industries South Africa
  • GCW482
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