SOUTH OCEAN HOLDINGS LIMITED - Competition Commission cable investigation
SOH 201706220046A
Competition Commission cable investigation
South Ocean Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/002381/06)
Share code: SOH
ISIN: ZAE000092748
(“South Ocean”)
Competition Commission cable investigation
South Ocean’s shareholders are referred to the SENS announcement released on 27 March 2014,
advising shareholders that the Competition Commission referred a complaint to the Competition Tribunal
asking the Tribunal to impose an administrative penalty on each of the firms involved, except Aberdare
Cables, which was granted conditional leniency.
South Ocean has now agreed to settle the Commission's referral by paying an administrative penalty
of R13 362 855, a percentage of South Ocean’s annual turnover for the financial year ending
February 2010, which the Tribunal has now confirmed.
By order of the Board
22 June 2017
Alrode
Sponsor
Investec Bank Limited
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