Feb
4
Pioneer: Doing itself no favours
February 4, 2010 | Tagged Bread cartel, competition commission, competition tribunal, Pioneer, price fixing, Sasko | Leave a Comment
Pioneer Food Group and its bread business are doing itself no favours by continuing its battle with the Competition Tribunal over bread price fixing.
On Wednesday the Tribunal announced that it was imposing a fine of R195m on the food group which comprised R46 019 954 which is 9.5% of the turnover for the bread business in the Western Cape and another R149 698 660 which is 10% of the total Pioneer Food Group revenue.
Read the complete article here.