Japanese vehicle parts supplier faces fine for alleged price fixing
Competition watchdog files referral for penalty for NGK Spark Plug and SA subsidiary
22 July 2021 - 19:01
The Competition Commission has accused a privately owned manufacturer and supplier of automotive components of price fixing and recommended that a standard administrative penalty equivalent to 10% of its annual turnover be imposed.
Japan’s NGK Spark Plug Company and its SA subsidiary NGK SA have been found to be involved in price fixing, market division and collusive tendering regarding the spark plugs, the competition watchdog said in a statement on Thursday...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.