Related Articles
Top Stories
May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.
May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
Johannesburg - Closing arguments on the price fixing hearings between the
Competition Commission and Pioneer Foods will be heard in September
this year, the Competition Tribunal said on Wednesday.
This after Pioneer Foods closed its case, deciding not to call
its two witnesses, Sasko's national sales manager, Hendrik
Hollenbach, and bakery manager Jacob Patience.
The hearing concerns a price-fixing complaint against Pioneer
Foods, which owns Sasko, brought by the Competition Commission.
The commission alleges that Pioneer was part of a bread cartel
involved in price fixing in 2006. But the company has maintained
its innocence, denying involvement in the price-fixing scandal.
On Tuesday, Sasko's general manager Charl Goosen told the
hearings that he had made a "conscious" and "independent" decision
to increase the bread price and was not aware of any price fixing
or a bread cartel at the time.
"In my mind there was no collusion," he told the hearing in
Pretoria.
The closing arguments will be heard on September 9.
- Sapa