Bicycle price-fixing clampdown - Probe reveals why bike prices shot up!
31 May 2016 - 19:00
The Competition Tribunal on Tuesday awarded an administrative penalty of R4‚6 million to Omnico and R4‚2 million to Coolheat Cycles.The Competition Tribunal on Tuesday announced that it has issued orders against Omnico and Coolheat Cycle.“It [Tribunal] has awarded an administrative penalty to Omnico of R4‚627‚412 and to Coolheat Cycles a penalty of R4‚250‚612‚” said Lerato Motaung‚ the Tribunal’s Registrar.
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