JSE
GEN
GEN: Mittal Steel has contravened Competition Act by charging excessive prices
The Competition Tribunal today, 27 March 2007 has found that Mittal Steel South
Africa has contravened Section 8 (a) of the Competition Act by charging an
excessive price for its flat steel products to the detriment of consumers.
The Tribunal has, however, dismissed the complaint that Mittal has contravened
the Act by inducing its customer not to deal with a competitor, on the grounds
that it was not satisfied with the facts presented. The Tribunal said, "We would
want to proceed with particular care on an inducement allegation... After all,
on the face of it, the practice of competition consists precisely in
inducement".
The Tribunal is empowered to impose wide ranging remedies for contravention of
the Act but it will postpone considering the remedies sought, until it has heard
further evidence in connection with the extent, if any, of the administrative
penalty to be imposed. The Tribunal said, "Although the record is complete in
regard to the remaining remedies.. we consider it undesirable to consider
remedies in a piecemeal fashion."
The full decision will be on the Tribunal website at www.comptrib.co.za.
Issued by: Jane Sussens
Communications Advisor
The Competition Tribunal
Tel: (011) 483 2687
Cell: 082 920 0875
Fax: (011) 483 2686
E-Mail: jane.sussens@mweb.co.za
On Behalf of: Lerato Motaung
Registrar
The Competition Tribunal
Tel: (012) 394 3355
Cell: 082 556 3221
E-Mail: leratom@comptrib.co.za
Date: 27/03/2007 11:59:51 Produced by the JSE SENS Department.
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