THEE - Competition Commission raids four electric cable manufacturers
JSE
THEE
THEE - Competition Commission raids four electric cable manufacturers
Press Release
06 May 2010
Competition Commission raids four electric cable manufacturers
The Competition Commission is currently conducting a search and seizure
operation at the premises of four electrical cables manufacturers and suppliers
on suspicion of price fixing, market allocation and collusive tendering.
The companies are Aberdare Cables (Pty) Ltd, Alvern Cables (Pty) Ltd, South
Ocean Electric Wire Company (Pty) Ltd, and Tulisa Cables (Pty) Ltd which are all
based in Gauteng. This follows a complaint initiated by the Commission on 16
March 2010.
The companies produce both high voltage cables for industrial use and low and
medium voltage cables for households.
Important customers include power supply authorities, municipalities, railway
and transport authorities and construction companies.
In terms of section 48 of the Competition Act, the Commission is authorised to
enter and search premises and seize documents which have a bearing on an
investigation. Section 46(2) (b) of the Act authorises a judge or magistrate to
issue the Commission with a warrant allowing them and accompanying police
officers to enter and search such premises.
ENDS
Further info:
Keitumetse Letebele, HOD: Communications
012 394 3183/ 082 783 3397/ keitumetsel@compcom.co.za
Date: 06/05/2010 13:49:01 Produced by the JSE SENS Department.
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