Astral fined R17m for price fixing

Comment on this story
PoultryChicks Reuters

The Competition Commission has reached a settlement agreement with Astral Operations Limited in which Astral has admitted to colluding with its competitor to fix the price of fresh poultry in the Western Cape.

Astral has also admitted that the terms of its Elite joint venture was an abuse of dominance and had an exclusionary effect undermining Country Bird’s ability to compete.

Astral has agreed to pay an administrative penalty amounting to R16.733 million being 3% of County Fair (a division of Astral) fresh poultry revenue in the Western Cape for the 2008 financial year.

As part of the agreement‚ Astral has undertaken not to engage in any conduct that contravenes the Competition Act‚ to cooperate with the Commission in any on-going investigations and to submit its pricing data to the South African Poultry Association via third party statisticians and in a form that is aggregated across all product categories and pack sizes. - I-Net Bridge

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines