You are currently viewing our desktop site, do you want to download our app instead?
Moneyweb Android App Moneyweb iOS App Moneyweb Mobile Web App

NEW SENS search and JSE share prices

More about the app

Airports Company admits to collusion on parking

Fixed prices with Gautrain company.

The Airports Company of South Africa (ACSA) has to pay an administrative penalty of almost R2 million for fixing prices on parking for vehicle rental companies at OR Tambo airport outside Johannesburg and the Gautrain stations with the Bombela Concession Company that operates the Gautrain.

The Competition Tribunal on Friday announced the confirmation of a consent order in terms of which ACSA admits to the conduct.

The Competition Commission initiated a complaint in July 2012 and found in its investigation that Bombela requested ACSA to provide it with the rates it charges car rental companies for parking at OR Tambo airport “in order for Bombela not to under-cut the rates that Acsa charges”, according to the consent order.

Acsa sent its rates and during or about 2010 and 2011 the two parties fixed the rates. Instead of competing with each other, they colluded to the detriment of its clients.

Bombela early on admitted to the conduct and was granted conditional leniency by the commission.

Apart from paying the penalty within 30 days, Acsa also has to circulate the order internally, refrain from similar conduct in future, implement and monitor a competition law compliance program and submit a copy of the program to the commission within 60 days.

 

Please consider contributing as little as R20 in appreciation of our quality independent financial journalism.

AUTHOR PROFILE

COMMENTS   2

Sort by:
  • Oldest first
  • Newest first
  • Top voted

You must be signed in to comment.

SIGN IN SIGN UP

The penalty of R2m is a white wash. If ACSA was a private company the penalty would have been much larger. I dream of the day that we are rescued from the tyrannies of the state monopolies.

south Africa first world laws administered by squatter camp greed.leadS to corruption collusion and the like .2 million or 2 billion fines are going to deter nobody from this way of robbing the poor (i.e. consumer) to line the pockets the obese obscenely filthy rich from their schemes of thieving. get AFU to investigate every single public office holder and all those found to have lied falsified qualifications and drawn fat salaries and other benefits and to take over all assets so accumulated for the state and maybe then some of the service delivery will become a reality VIVA AMANDLA

End of comments.

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
BTC / USD

Podcasts

INSIDER SUBSCRIPTIONS APP VIDEOS RADIO / LISTEN LIVE SHOP OFFERS WEBINARS NEWSLETTERS TRENDING PORTFOLIO TOOL CPD HUB

Follow us:

Search Articles:
Click a Company: