GOODYEAR, the tyre manufacturer, yesterday denied taking part in price collusion that allegedly happened between 1999-2007 at hearings held before the Competition Tribunal.
This follows the Competition Commission allegations that from around 1999 to 2007, the respondents discussed and agreed to fix the prices of passenger, light truck, bus, off-the-road, agricultural, and earthmover tyres.
This was allegedly done through the the South African Tyre Manufacturers Conference (Satmc), an association for tyre manufacturers in South Africa. The respondents were Satmc members.
The matter emanates from a price-fixing complaint lodged by Parsons Transport with the Commission.
“Following an investigation, the Commission concluded that the tyre manufacturers’ conduct contravened the price fixing act,” the tribunal said.
Under the commission’s investigation, Bridgestone applied for and was granted conditional immunity from prosecution in terms of…