Packaging company, New Era, to pay R21M administrative penalty following allegations of cartel conduct

News Competition Sanctions & Fines

Date: 24th Jul, 2024 Source: Competition Commission Country: South Africa Original Source

Brief

"On July 24, 2024, the Competition Commission issued an update regarding Packaging company, New Era, to pay R21M administrative penalty following allegations of cartel conduct". The consent agreement relates to two complaints against New Era for alleged price fixing, market division, and collusive tendering in the packaging paper and recyclable paper material markets.

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Competition Commission

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Packaging company, New Era, to pay R21M administrative penalty following allegations of cartel conduct

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Packaging company, New Era, to pay R21M administrative penalty following allegations of cartel conduct

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Competition Commission

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