Johannesburg - The Competition Commission on Monday said two of the seve fire companies prosecuted for price fixing companies have admitted to have engaged in cartel conduct. They agreed to pay penalties and have undertaken to assist the Commission in the prosecution of the rest.
Fireco Gauteng (Fireco Gauteng) and Afrion Property Services CC (Afrion), specialising in supplying, installing and maintaining fire control and protection systems in South Africa and the continent, have reached a settlement with the Commission.
In a statement, the Commission states that part of several fire control and protection systems companies that were referred by the Commission to the Competition Tribunal for prosecution in March this year. The companies had fixed prices, divided markets and tendered collusively when bidding for tenders to install fire control and protection systems in new and existing buildings.
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Competition Commission spokesperson Sipho Ngwema said in their respective settlement agreements, Fireco Gauteng and Afrion have admitted that they engaged in price fixing, market division and collusive tendering in contravention of the Competition Act. Fireco Gauteng has agreed to pay administrative penalty of R909 000 while Afrion has agreed to pay R327 000.