Pioneer to pay or fight?

Pioneer Food's interim results to be released tomorrow should shed some light on whether it intends to pay a penalty or fight the charges that it participated in a bread pricing cartel. Pioneer and Foodcorp still have a week to respond to the Competition Commission's decision that they should pay 10percent of their last financial year's turnover as a penalty for being in a bread cartel with Premier and Tiger Brands. - Robert Laing

Pioneer Food's interim results to be released tomorrow should shed some light on whether it intends to pay a penalty or fight the charges that it participated in a bread pricing cartel. Pioneer and Foodcorp still have a week to respond to the Competition Commission's decision that they should pay 10percent of their last financial year's turnover as a penalty for being in a bread cartel with Premier and Tiger Brands. - Robert Laing

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