• Inside Labour

    Government's farming policies have had a damaging effect, says Terry Bell.

  • Hunter feeling the heat

    The killer of Cecil the lion is now the one getting hunted - by outraged Americans.

  • Making media behave

    Is patriotic reporting another name for whitewashing corruption, asks Leopold Scholtz.

Loading...
See More

SAA forking out R18m in settlement

Jun 06 2012 17:56

Johannesburg - The Competition Tribunal has confirmed a settlement agreement with SA Airways (SAA), the Competition Commission said on Wednesday.

SAA had agreed to pay an administrative penalty of R18m, being 2.5% its combined turnover derived from its Johannesburg-Hong Kong route for the 2012 financial year.

SAA had also undertaken to co-operate with the commission in any ongoing investigation and prosecution of the remaining respondents in the suite of complaints.

The commission's complaint in March 2006, against SAA and seven other airlines, alleged that the airlines had contravened the Competition Act by fixing rates of fuel and other surcharges on the transport of cargo on routes to and from South Africa.

In 2008, the commission alleged that SAA and three airlines had contravened the Competition Act by fixing prices and the trading terms of passenger airline tickets for prime cabins on routes to and from South Africa and far east Asia.

In 2010, SAA was alleged to have fixed prices of passenger airline tickets, along with other airlines.

saa

 
 
 

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
11 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About...

Money Clinic

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

Voting Booth

Introducing tablets in schools is:

Previous results · Suggest a vote

Loading...