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ConCourt dismisses appeal against Sasol

Nov 20 2015 17:14

Johannesburg - The Competition Commission says it notes with disappointment the decision made by the Constitutional Court not to grant it leave to appeal against the whole judgement and order handed down by the Competition Appeal Court on 17 June 2015.

In its judgement, the Appeal Court upheld an appeal by Sasol Chemical Industries against a decision by the Competition Tribunal that Sasol had engaged in excessive pricing in contravention of section 8(a) of the Competition Act.

The Commission says despite the ConCourt’s decision, it remains concerned about the pricing behaviour of dominant firms operating upstream, especially in markets with high levels of concentration. The Commission says it will go back to the drawing board to determine its next approach to handling excessive pricing complaints.

constitutional court  |  sasol  |  johannesburg  |  prices

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