A cartel case against bread producers over alleged price-fixing in the Western Cape has been referred to the Competition Tribunal.
A cartel case against bread producers over alleged price-fixing in the Western Cape has been referred to the Competition Tribunal.
Tembinkosi Bonakele of the Competition Commission said major bakeries agreed on a simultaneous price increase in the week before Christmas.
A penalty of up to 10percent of the yearly turnover of Sasko, Duens and Albany Bakeries will be sought when prosecuting the case, he said. - Sapa
Bread price rise a flop
A cartel case against bread producers over alleged price-fixing in the Western Cape has been referred to the Competition Tribunal.
A cartel case against bread producers over alleged price-fixing in the Western Cape has been referred to the Competition Tribunal.
Tembinkosi Bonakele of the Competition Commission said major bakeries agreed on a simultaneous price increase in the week before Christmas.
A penalty of up to 10percent of the yearly turnover of Sasko, Duens and Albany Bakeries will be sought when prosecuting the case, he said. - Sapa
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