Monday, May 14, 2007

Authority amends penalty proposal on S.Africa Mittal

(Reuters) - South Africa's Competition Commission on Monday withdrew its recommendation to the Competition Tribunal to impose a penalty on Mittal Steel SA after it was found to have over-charged Barnes Fencing.

Mittal Steel SA objected to the administrative penalty sought by the Commission, citing that such a penalty can only be imposed if the respondents have been repeating the conduct.


Read more at Reuters Africa

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