PG glass, Glasfit accused of price fixing in automotive glass market
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South Africa’s automotive glass industry is under the spotlight after the Competition Commission found that two major players, PG Glass and Glasfit, allegedly operated as a cartel, working together to fix prices.
The Commission has now referred the matter to the Competition Tribunal for prosecution, arguing that the companies entered into a longstanding agreement to increase automotive glass prices by the same percentage annually.To unpack the implications of this case, we’re joined now by the Competition Commission is Makgale Mohlala, Manager of the Cartels Division at the Competition Commission.
The Commission has now referred the matter to the Competition Tribunal for prosecution, arguing that the companies entered into a longstanding agreement to increase automotive glass prices by the same percentage annually.To unpack the implications of this case, we’re joined now by the Competition Commission is Makgale Mohlala, Manager of the Cartels Division at the Competition Commission.
