Loading...
See More

ConCourt to rule on competition appeal

Jun 26 2012 07:55 Sapa

Company Data

STEINHOFF INTERNATIONAL HOLDINGS LTD [JSE:SHF]

Last traded 0
Change 0,6
% Change 0
Cumulative volume 5151879
Market cap 141.49bn

Last Updated: 24-11-2014 at 03:15. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Busa welcomes ConCourt ruling

Black council may take govt to ConCourt

Outa files ConCourt papers

Concourt rules against Coega landowner

E-toll case goes to ConCourt

ConCourt ruling favours debt defaulters

 

Johannesburg - The Constitutional Court will rule on Tuesday on whether the Competition Commission can appeal against a judgment of the Competition Appeal Court (CAC).

Under dispute was whether the commission could amend complaints referrals it sent to the Competition Tribunal or whether a new complaint had to be lodged every time a new party or conduct was uncovered in its investigations.

The commission originally started investigating three separate claims of price fixing and collusion in September 2007 by manufacturers and sellers of flexible polyurethane foam, Loungefoam, Vitafoam and Feltex.

After investigations, it wanted to include Steinhoff Africa in the complaints referral and expand charges to Steinhoff International Holdings [JSE:SHF], Feltex and Kap.

In 2010, the tribunal granted the commission's request to change the complaints referral. In May last year the decision was overturned by the CAC.

In February this year, the commission submitted that the Competition Act did not define the term "complaint" nor require that the parties believed to be implicated, as well as prohibited practices, be mentioned in the complaint.

It said the act could be interpreted broadly and inclusively.

The respondents submitted that the referral was confined to the facts and allegations in the original complaint and the parties mentioned in it.

The commission had applied to the CAC for leave to appeal its decision, which was pending, but had since approached the Constitutional Court on the basis that faith needed to be restored in the commission's role and powers.

The parties were expected to address whether the commission was entitled to approach the Constitutional Court directly.

 
NEXT ON FIN24X

PPC plays board games

2014-11-23 17:28

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

Hottie of the day: Charlotte

Meet our hottie of the day, Charlotte. She feels sexiest after a good workout at the gym!

 
 

Men24.com

This is why guys shouldn’t be in photos
BMW drift battle: M235i vs. speedway bike
Want to start talking dirty?
And this year's Miss Bumbum title goes to...

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...