referring to “South Africa is a strategic hub for the trade of goods in and out of the Southern African region.
“K-Line” is a Japanese company operating in South Africa.
Sipho Ngwema‚ spokesman‚ said in a statement the commission’s investigation found that from at least 2002 to 2013 K-Line‚ MOL‚ NYK and WWL colluded on a tender issued by Toyota South Africa Motors (“TSAM”) to transport Toyota vehicles from South Africa to abroad by sea.
K-Line‚ MOL‚ NYK and WWL also agreed on the freight ratCompetition Commission says that Toyota cartel uncompetitive in south africa .es that they were to charge TSAM for the shipment of Toyota vehicles‚ it found.
MOL‚ NYK and WWL will cooperate with the Commission in prosecuting K-Line‚ Ngwema said.
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S. Africa Accuses Shipper Of Fixing Toyota Shipment Prices
S. Africa Accuses Shipper Of Fixing Toyota Shipment PricesLaw360, New York (March 6, 2017, 8:28 PM EST) — Competition authorities in South Africa accused Kawasaki Kisen Kaisha on Monday of fixing prices for the transport of Toyota vehicles into certain regions between 2002 and 2013, after an investigation into the alleged scheme that also included three other shipping companies.
The Competition Commission of South Africa has referred Kawasaki Kisen Kaisha Ltd., a Japanese company known as K-Line, to the Competition Tribunal, according to a statement from the watchdog on Monday.
The commission said it will be looking for a penalty against K-Line equal to 10 percent…To view the full article, register now.
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K-Line Facing Fine in S. Africa For Collusion on Toyota Vehicles
South Africa’s Competition Commission investigates complaints before referring cases to the tribunal, which rules on the findings.
K-Line, as the company is known, has been referred to the country’s Competition Tribunal for price fixing, market division and collusive tendering involving the transport of Toyota vehicles from South Africa to Europe, North Africa and the Caribbean, the Competition Commission said in a statement.
South Africa’s competition regulator is seeking to fine Japan’s Kawasaki Kisen Kaisha Ltd. as much as 10 percent of its annual revenue in the country for colluding on a tender for the transport of Toyota Motor Corp. vehicles.
collected by :Edison Noah
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