• Confused terminology

    Edward Ingram clarifies some points on banking terminology from his previous essay.

  • Avoiding leadership traps

    Overconfidence can cause blind spots that may lead to business failure, says Ian Mann.

  • Dirt poor

    Results will be dire unless we look at soil and water differently, says Mandi Smallhorne.

All data is delayed
Loading...
See More

Vehicle glass firms raided over alleged collusion

Mar 23 2016 15:03

Cape Town - The Competition Commission on Wednesday raided the Gauteng offices of Shatterprufe, PG Glass, Glasfit and Digicall for alleged collusion.

"The dawn raid operation forms part of the Commission’s ongoing investigation into allegations of price fixing and division of markets by PG Glass and Glasfit in the provision of automotive glass fitment and repair services," the Commission said in a statement.

PG Glass and Glasfit are automotive glass fitment and repair service providers with Shatterprufe as its supplier of automotive glass while, Digicall processes and administers automotive glass related insurance claims on behalf of PG Glass and Glasfit.

The Commission said it had reasonable grounds to believe that information relevant to this investigation was on the premises of the four firms.

The operation was conducted with due regard to the rights of the firms and all the affected persons, according to the Commission.

During the search documents and electronic data were seized, which will be analysed together with other information gathered to determine whether a contravention of the Competition Act has taken place.

In terms of section 48 of the Competition Act, the Commission is authorised to enter and search premises and seize documents which have a bearing on an investigation.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest. 24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

competition commission  |  collusion

 
 
 
 

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

Would you buy the FNB branded smartphone?

Previous results · Suggest a vote

Loading...