S. Africa Hits Concrete Co. With Record Cartel Fine

Law360, New York (November 30, 2010, 2:34 PM EST) -- South Africa's competition court has hit Southern Pipeline Contractors with a 16.8 million rand ($2.4 million) penalty for playing the role of banker in a long-running concrete pipes cartel in the country, issuing the maximum possible fine for the first time in a price-fixing case.

South Africa's Competition Tribunal on Monday opted for the top fine against SPC — 10 percent of its total turnover — and issued a slightly lesser penalty of 6.1 million rand against Conrite Walls (Pty) Ltd. — or about 8 percent...
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