Masana to pay R13m fine

24 June 2010 - 02:00
By unknown

THE Competition Tribunal yesterday confirmed the settlement agreement between the Competition Commission and Masana Petroleum Solutions, which will see Masana pay a R13million fine for contravening the Competition Act.

THE Competition Tribunal yesterday confirmed the settlement agreement between the Competition Commission and Masana Petroleum Solutions, which will see Masana pay a R13million fine for contravening the Competition Act.

This relates to cartel conduct that involved practices intended to fix the price of bitumen and bituminous products in SA. - I-Net Bridge