Further to our October update (available here), the Competition Tribunal has confirmed further settlement agreements entered into between the Competition Commission and seven furniture removal companies for engaging in cover pricing on a number of tenders. In terms of administrative penalties: Line Lowe agreed to approximately ZAR250,000 (8% of turnover); Joel Transport to approximately ZAR150,000 (5% of turnover); Transfreight International to approximately ZAR600,000 (7% of turnover); Viking Transport to approximately ZAR190,000 (5% of turnover); Matthee Furniture Removals to approximately ZAR160,000 (8% of turnover); JH Retief Transport to approximately ZAR4.2 million (10% of turnover); and Crown Relocations to approximately ZAR850,000 (7% of turnover). 

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