SA commission denounces shipping cartelsBy GIFT N DOLWANEJOHANNESBURG, (CAJ News) – SOUTH Africa’s Competition Commission has referred car carrier company, Kawasaki Kisen Kaisha, for prosecution to the Tribunal for allegedly colluding on a tender for transportation of Toyota vehicles. Commissioner of the Competition Commission, Tembinkosi Bonakele, said South Africa was a strategic hub for the trade of goods in and out of the Southern African region. “Any cartel by shipping liners in this region results in inflated prices for cargo transportation. Bonakele said cartels of this nature increase the costs of trading in the region and render the region uncompetitive in the world markets. “Such cartels have the effect of significantly derailing the economic growth of the region.”Comment could not be obtained from Kawasaki Kisen Kaisha as the matter is sub judice.

Source: The North Africa Journal March 06, 2017 14:37 UTC