n Without Prejudice - Massive penalty sends unmistakeable signal : competition law
|Article Title||Massive penalty sends unmistakeable signal : competition law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Author||Nick Altini and Pia Harvey|
|Publication Date||Oct 2007|
|Pages||31 - 33|
In March 2007, the Competition Tribunal handed down its finding that dominant steel producer Mittal Steel South Africa had contravened s8(a) of the Competition Act by charging excessive prices for flat steel in the local market, to the detriment of consumers. The Tribunal postponed its decision on the remedies to be imposed, however, to enable the parties to make submissions on the appropriateness of any administrative penalty to be imposed. These submissions were heard by the Tribunal in July.
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