071115indep

071115indep 07 11 15 15 Nov 2007 Independent Newspapers

Below the Breadline - Price fixing by Premier Pioneer Tiger brand

Competition Commission for undesirable and anti-competitive practices look into the anti competitive practices of three bread manufacturers, Premier Pioneer and Tiger brand Price fixing Bread cartel Pioneer Prenier Tiger Brand indep 20071115indep Nov Independent Newspapers /Cartoons/m_071115indep.jpg 071115indep.jpg

administrative penalty of R98.7 million has been imposed on Tiger Consumer Brands Ltd by the Competition Commission for undesirable and anti-competitive practices. Tiger Brands on Monday reached a settlement with the Commission following its participation in cartels in the bread and milling industries. Tiger Brands has also agreed to assist the Commission in prosecuting the remaining cartel members who have not cooperated with the Commission and the company has also vowed to implement a compliance programme to eradicate anticompetitive practices. Cartoons YEAR-2007 Independent Newspapers 408

 

We've been paying too much for bread. Rival producers have been caught fixing the price.