BUSINESS DAY TV: ‘Banks must face consequences of breaking the law’
Competition Commission divisional manager of cartels Makgale Mohlala on the allegation against some of SA’s banks for price fixing and collusion.
Makgale Mohlala is divisional manager of cartels at the Competition Commission. BUSINESS DAY TV: We’re taking a look at the Competition Commission’s allegation against some of SA’s banks for price fixing and collusion this evening. Joining us on the line is Makgale Mohlala, divisional manager of cartels at the Competition Commission. Makgale ... so perhaps just for clarity sake the Competition Commission has recommended a 10% fine on revenue or turnover from the banks. Are we talking about total group turnover from those banks or just the divisions where the price fixing may have taken place? MAKGALE MOHLALA: The annual turnover of the firm, so its 10% of the bank that is cited as a respondent in the ... papers.
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