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South Africa to prosecute Maersk, CMA units for price-fixing | SA News

South Africa’s antitrust body referred a price-fixing complaint against the local units of some of the world’s top shipping companies including A.P. Moller-Maersk A/S and CMA CGM SA to a tribunal for prosecution.

Read: Maersk fails to halt ICTSI-Transnet Durban Container Terminal deal

The companies allegedly fixed the general rate increase charged to customers for shipping cargo between South Africa and Asia and between the nation and the western part of Africa from 2008 to 2018, in contravention of domestic antitrust laws, the Competition Commission said in a statement on Tuesday.

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  1. USA: You have two cows. You outsource a farm to milk them and sell the milk to those who can afford it. You then use the profit to buy someone else\’s cow for your butcher to make steak with.

  2. Fun South African Fact: South Africa is now the only country in the world to have hosted the Soccer, Cricket and Rugby World Cup!