Two fire control and protection systems companies that had been referred to the Competition Tribunal for prosecution have admitted to engaging in cartel behavior and will pay penalties.
The two companies, Fireco Gauteng and Afrion, have admitted to engaging in price fixing, market division and collusive tendering in the supply and installation of fire control and protection systems.
The Competition Commission has investigated several fire control and protection systems companies and referred cases of alleged price fixing against them to the tribunal for prosecution in March.
Full Content: Business Report
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
