Cement News tagged under: Afrisam
Afrisam settles cement cartel complaint, South Africa01 March 2012, Published under Cement NewsSouth African cement producer Afrisam has concluded a settlement agreement with the Competition Commission in which it admitted that it took part in a cement cartel and agreed to pay an administrative penalty of ZAR125m (US$16.7m). The penalty represents 3% of its previous year's cement turnover in the South African Customs Union region. According to the commission, the settlement is a reflection of Afrisam's material cooperation in uncovering and providing further information on the cartel ... |