CompComSA
@CompComSA
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The Competition Commission of South Africa promotes a competitive business environment for the benefit of consumers, workers and owners
South Africa
Joined June 2012
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Last Seen Profiles
BREAKING NEWS: The Competition Commission is currently raiding the premises of eight long-term insurance companies suspected of price-fixing.
#insurance
#dawnraids
#pricefixing
@Ciamakunga
@siphongwema
@TembinkosiB
@hardinratshi
@the_dti
@GCISMedia
@eNCA
@Newzroom405
@SABCNews
127
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1K
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435
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28 media companies to be prosecuted for cartel conduct
Media Statement
For Immediate Release
27 February 2018
38
737
380
Media Statement:
@CompComSA
refers its case against
#banks
for
#rand
manipulation to
@comptrib
for
#prosecution
45
412
357
Media Statement: A national
#pharmaceutical
wholesale
#distributor
and
#retailer
charged for inflating
#prices
during
#covid19
disaster
59
292
325
Join The Department of Trade, Industry and Competition ( the dtic), the Competition Commission, the National Consumer Commission and the National Credit Regulator, as they host a dialogue on consumer protection matters
3
29
234
Four companies to be prosecuted for collusion in R4.5 billion Eskom tender
13
420
231
The Commission has the mandate to investigate all competition concerns as envisaged by the Act.
#competitioncommission
#pricegouging
#compliance
#inclusiveeconomy
#growth
#deconcentration
11
24
221
Breaking News:
@Dischem
found guilty! Official statement to follow shortly.
@hardinratshi
@TembinkosiB
@Ciamakunga
24
205
211
The regulations were published to protect consumers against inappropriate commercial practices, such as excessive pricing during the national disaster.
#competitioncommission
#inclusiveeconomy
#deconcentration
1
14
178
Media Release -
@CompComSA
cautions airlines against price gauging amid suspension of Comair
29
156
177
Media Statement: A call to action for schools, school governing bodies and parents: together we can lower the price of school uniform and other learning-related materials
5
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148
Media Advisory: Urgent media briefing on the announcement of a ground-breaking agreement on PCR test prices
16
100
139
Not sure if the commission can help resolve your issues? drop us your questions in our comment section and we will get back to you with all your answers.
#competitioncommission
#pricegouging
#compliance
#inclusiveeconomy
#growth
#deconcentration
5
9
122
Get some guidance for Business Compliance With Price Gouging Regulations.
#competitioncommission
#pricegouging
#compliance
#inclusiveeconomy
#growth
#deconcentration
0
8
116
Breaking News: Commission officially launches Market Inquiry into data services
Media Statement
For immediate...
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118
18 banks are accused of involvement in global price fixing & market division involving currency trading, including the South African Rand (ZAR) in the Forex case. The case itself will get under way after pleadings and discovery.
16
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101
Listen to Tembinkosi Bonakele's Podcast.
0
9
110
Media Release: Big three pathology groups agree to another price reduction
8
64
113
Breaking News: SA Competition Commission prosecutes banks (currency traders) for collusion
Media Statement:
20
229
108
16
185
105
15
95
101
14
95
103
Raids taking place in Gauteng, Western Cape and KwaZulu-Natal at the head offices of BrightRock Life Limited; Discovery Limited; FMI, a division of Bidvest Life Limited; Hollard Insurance Group (Pty) Ltd......
#insurance
#dawnraids
#pricefixing
7
104
98
Press Release:
@CompComSA
prosecutes a multinational healthcare company, Roche, for excessive pricing of a breast cancer treatment drug
5
90
94
BREAKING NEWS: The Commission has reached a landmark settlement agreement with British multinational bank,
@StanChart
, in which the bank acknowledges and admits to a currency manipulation case and agrees to pay an administrative penalty of R42.7 million.
#competitionregulation
28
106
90
Media Statement:
#ConCourt
ruling paves the way for
@CompComSA
to investigate
#SABC
/
#MultiChoice
agreements
1
100
88
HAPPENING NOW:
#CompComSA
investigators will seize documents and electronic data, which will be analysed together with other information gathered to determine whether these firms have contravened the Competition Act.
#insurance
#dawnraids
#pricefixing
9
70
84
Momentum, a division of MMI Limited; Old Mutual Insure Limited; Professional Provident Society Limited and South African National Life Assurance Company (Pty) Ltd (Sanlam).
19
88
83
4
69
68
Media Statement: Competition Appeal Court dismisses
#Computicket
’s appeal and confirms
#fine
of R20 Million
5
72
65
SA Airlink and Safair merger prohibited
Media Statement
For Immediate Release
23 February 2018
5
97
64
Media Statement -
#COVID19
update:
@CompComSA
flooded with over 500 complaints of excessive
#pricing
#COVID19COMPLAINTS
8
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8
85
61
The Commission is making site visits to schools in Pretoria, Joburg and Polokwane this morning to raise awareness about the School Uniform Guidelines (DBE Circular No. 11 of 2020).
9
18
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Search and seizure raids taking place today at offices of 8 long-term insurance companies. The
#CompComSA
is investigating alleged collusive practices to fix prices and/or trading conditions in respect of fees for investment products. Full statement 👇🏽
9
37
50
Report any suspicion of price gouging on any of your essentials, read more about it.
#competitioncommission
#pricegouging
#compliance
#inclusiveeconomy
#growth
#deconcentration
0
11
49
Please report suspected artificial price inflations to
@CompComSA
at 084 743 0000 and
@NCC_COVID19
at 0800 014 880.
2
87
49
7
53
49
DStv Media Sales admits to price fixing and agrees to a settlement
Media Release
25 May 2017
DStv Media Sales...
20
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44
Media Statement:
@CompComSA
prosecutes first two
#COVID19
related public
#procurement
cases at the
@comptrib
1/2
5
36
44
Press Release:
@comptrib
confirms an order against
#CambridgeFoods
for
#excessive
#pricing
of 25kg
#maizemeal
6
39
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Adv Tembeka Ngcukaitobi at the
@ConCourtSA
appearing on behalf of
@CompComSA
arguing against Std
#Bank
in seeking access the record of the
#Rand
manipulation
#investigations
before they have pleaded.
1
37
42
1
59
41
4
45
42
Thank you Mr President, for recognizing the good work
@CompComSA
is doing building an efficient and inclusive
#economy
in South Africa.
#ClampingDownOnPriceGouging
#PolicingTheEconomy
0
11
41
Competition Commission collects an international award - read more here:
4
28
42
Media Statement:
@CompComSA
addresses exclusionary
#conveyancing
practices in the
#banking
#industry
3
42
42
2
49
39
Press Release:
@CompComSA
welcomes the signing of a memorandum of agreement with
#PicknPay
on capping of
#garlic
and
#ginger
#prices
3
33
41
BREAKING NEWS: The Competition Appeal Court has dismissed Sasol Gas Pty (Ltd)'s application to set aside the Commission's investigation into the alleged abuse of dominance by Sasol for charging an excessive price for natural piped gas. We will issue a statement shortly.
#Sasol
2
27
41
**Breaking News** Competition Commission charges recruitment specialists for price fixing
Media Statement:
2
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39
The untimely passing of one of our own, Mr. Sidwell Medupe, has left all of us
@CompComSA
in disbelief and indescribable pain.
6
11
39
Do you suspect price gouging? Avoid falling victim into this and learn more about it.
#competitioncommission
#inclusiveeconomy
#deconcentration
11
38
40
Media Statement -
@CompComSA
#prohibits
#acquisition
between ECP Africa Fund,
#BurgerKing
South Africa and Grand
#Foods
40
40
41
Breaking News
**MEAT SUPPLIERS IN THREE PROVINCES RAIDED ON SUSPICION OF PRICE FIXING**
Media Statement
14 June...
4
87
38
Press Release:
@comptrib
confirms an order against a
#Japan
-based company for
#fixing
#automotive
components
#prices
and
#collusive
#tendering
1
24
35
SA Airlink to be prosecuted for abuse of dominance
Media Release
14 February 2018
5
91
36
BREAKING NEWS: The Competition Commission is currently meeting with the leadership of the competing airlines to engage them on the implications of Comair’s decision to suspend British Airways and flights.
9
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Today 13 July 2022, the Online Platforms Market Inquiry (“The Inquiry”) released its provisional report outlining provisional findings and recommendations, including a Summary Report and Main Report.
1
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2
25
36
2
36
36
The Minister of Trade, Industry and Competition, Mr. Ebrahim Patel today announced his decision to appoint Ms. Doris Tshepe as the new Competition Commissioner.
4
20
35
Media Statement -
#COVID19
: Immediate response to anti-competitive conduct during the state of national disaster
6
54
35
Media Statement: Wood-based panel company agrees to pay over R46 million for
#cartel
conduct
9
69
34
Media Release:
@CompComSA
finds that the agreement between
#SABC
and
#MultiChoice
enabled
#MultiChoice
to influence the strategic direction of the
#SABC
1
89
31
Stuttaford Van Lines faces the largest number of charges, as one single company, in the history of anti-cartel enforcement by the Commission
5
97
27
Media Companies fined millions for cartel conduct
Media Statement
For Immediate Release
16 February 2018
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We looking for
#graduatetrainees
that have completed a LLB or Honours in Economics
#graduateprogramme2018
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The
@CompComSA
Commissioner,
@TembinkosiB
is awarded a BMF Leadership Excellence Award!
#BMFDinner17
🙌🏽🙌🏿🙌🏽🙌🏿
1
24
33
Your essentials shouldn’t cost you an arm and a leg, know which items have been specifically identified in the regulations for price gouging.
#competitioncommission
#pricegouging
#compliance
#inclusiveeconomy
#growth
#deconcentration
1
20
31
CGR Awards 2018 - Competition Commission of South Africa wins Award for Agency of the Year: Asia-Pacific, Middle East and Africa Region.
Read more here:
1
19
31
@CompComSA
was awarded a clean
#audit
#award
for the 2018/19 financial year at
@AuditorGen_SA
’s clean
#audit
awards ceremony held today, 19 November 2019, at Diep in die berg Conference Centre.
1
10
32
Media Statement: The Competition Commission welcomes the multi-million-rand settlement agreement reached between 3 major
#construction
companies and the
@CityofCT
in the civil case against them for alleged
#collusion
in the
#construction
of the 2010 Green Point
#stadium
.
9
17
31
Press Release:
@CompComSA
welcomes the
@ConCourtSA
judgment on Section 67 of the
#CompetitionAct
(89 of 1998)
2
24
30
Breaking News: Football Agents to be Prosecuted for Price Fixing
Media Statement
For immediate release
10...
1
65
29
Press Release: Competition Appeal Court confirms
#facemasks
supplier guilty of excessive
#pricing
3
16
29
Rooibos Limited Charged for abuse of dominance
Media Statement
19 June 2017
Rooibos Limited, the largest...
2
67
28