South African Cement Co. Stuck With $15M Cartel Penalty
The Competition Commission of South Africa said that Johannesburg-based Afrisam Ltd. has agreed to pay the penalty in response to allegations that the company conspired with three other industry peers to fix the price of cement.
The penalty, which constitutes 3 percent of Afrisam's 2010 revenue figures in the South African Customs Union, “is a...
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