COMPETITION ACT CHARGES
Deals above board, Corobrik protests
Corobrik has hit back hard over charges by the Competition Commission that it has engaged in price fixing and division of markets with five other brick makers — Era Bricks, De Hoop Brickfields, Kopano Brickworks, Clay Industry and Eston Brick and Tile. The commission referred the six companies to the Competition Tribunal following an investigation launched in April 2017. It accuses them of contravening the Competition Act, saying that agreements between the five companies and Corobrik resulted in price fixing and the division of markets in the manufacturing and supply of bricks, pavers and blocks of clay and concrete. "We regard the allegations in the commission’s referral very seriously. I was most surprised to learn that the commission believes the agreements generate competition law concerns," said Corobrik MD Dirk Meyer. "Corobrik is of the view that its agreements with the above-mentioned firms are both legitimate and defensible in terms of the Competition Act and that the comm...
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