“Subsequent to the meeting Thembekile and Nauticat Charters increased their prices to R18‚000 per trip for 140 passengers. Ferry Charters did not alter its price as it was already charging R18‚000 per trip for 140 passengers and this resulted in all three quoting the same price. Silverbuckle increased its price per trip from R7‚750 to R8‚775 for a 65-passenger vessel.”
The commission referred the complaint to the tribunal for adjudication. The three firms‚ as part of their settlement‚ agreed to cease the conduct and to assist the commission with its investigation.
The Competition Tribunal confirmed settlement agreements with: Thembekile Maritime Service (penalty R350‚000); Silverbuckle Trade 21 CC t/a Yacoob Yatch (penalty R249‚171); and Nauticat Charters (penalty R422.087).
The fines are all less than 10% of the firms’ annual turnover.