S. African Watchdog Hits Foodcorp With $10M Cartel Fine
The Competition Commission said Foodcorp had admitted to breaching the country's competition laws between 1999 and 2007 by meeting with competitors like Pioneer Food Group Ltd. and Premier Foods Pty. Ltd. to fix selling prices and coordinate price increases.
“Through these price-fixing arrangements, Foodcorp and its competitors prevented and/or limited...
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