News and Media

Commission seeks record fine for Pioneer Foods

10 September 2009|In News and Media

The Competition Commission has urged the Competition Tribunal to impose the maximum penalty on Pioneer Foods for its bread cartel activities. According to a Sake24 report, the group could be fined 10% of its annual turnover of R9bn – the biggest fine yet imposed for uncompetitive behaviour. (more…)

GSK told to grant ARV licences to other SA companies

9 September 2009|In News and Media

THE COMPETITION Commission has approved a transaction that allows Aspen to sell a 16 percent stake to GlaxoSmithKline (GSK) on condition that the multinational will grant licences to local generic manufacturers to produce the anti-retroviral (ARV) drug, Abacavir, when the patent expires.

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Commission grants sale with ARV licence proviso

9 September 2009|In News and Media

The Competition Commission has approved a transaction that allows Aspen to sell a 16% stake to GlaxoSmithKline (GSK) on condition that the multinational grants licences to local generic manufacturers to produce the anti-retroviral (ARV) drug, Abacavir, when the patent expires. (more…)

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