South Africa confirms anti-competition ruling on ATT, Maxiprest

ERJ staff report (DS)

Pretoria - South Africa's Competition Tribunal has upheld a ruling by the SA Competition Commission against Auto and Truck Tyres CC and Maxiprest Tyres (Pty) Ltd over anti-competition activities related to Bridgestone and Firestone-brand tyres in South Africa.

The ruling refers to price-fixing between Maxiprest and ATT, in connection with Bridgestone and Firestone-branded tyres in the period from October 2002 to September 2005.

The ruling upholds a fine of Rand 9.35 million (euro 0.9 million) on Maxiprest, which represents 6.5 percent of Maxiprest's annual turnover, as full and final settlement.

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Ruling from Competition Tribunal

The Competition Tribunal has confirmed a R9.356-million penalty imposed on Maxiprest Tyres for price fixing, division and allocation of markets, and collusive tendering. TimesLive (South Africa)