All data is delayed
Loading...
See More

ConCourt to rule on competition appeal

Jun 26 2012 07:55
Sapa

Company Data

[JSE:SNH]

Last traded 85
Change -5
% Change -5
Cumulative volume 11297686
Market cap 0

Last Updated: 24-06-2016 at 05:00. 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.

 

 
 
 

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
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

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

Voting Booth

Labour’s call for a cap on salary of high earners is?

Previous results · Suggest a vote

Loading...