Commission settles with Primedia: “Primedia agrees to pay R2.7m administrative penalty & provide R1.3m free advertising space to SMMEs

News Competition Sanctions & Fines

Date: 15th Feb, 2024 Source: Competition Commission Country: South Africa Original Source

Brief

"On 15/02/2024, the Competition Commission issued an update regarding Commission settles with Primedia: “Primedia agrees to pay R2.7m administrative penalty & provide R1.3m free advertising space to SMMEs”. The settlement follows an investigation into collusive agreements among media firms, which fixed prices and trading conditions in contravention of the Competition Act. Primedia agreed to pay the penalty and provide free out-of-home advertising services to small, medium and micro enterprises."

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Commission settles with Primedia: “Primedia agrees to pay R2.7m administrative penalty & provide R1.3m free advertising space to SMMEs

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Commission settles with Primedia: “Primedia agrees to pay R2.7m administrative penalty & provide R1.3m free advertising space to SMMEs

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Competition Commission

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