CompComm publishes preliminary LPG market inquiry findings
The Competition Commission has published the preliminary findings and proposed recommendations of the liquefied petroleum gas (LPG) market inquiry for public comment. Among the findings is the commission’s concern about structural impediments to competition, which could hinder the growth of the LPG industry, as well as “significant bottlenecks” in the regulatory environment, which would restrict the ability of potential competitors to enter and/or expand in the LPG industry. The commission…
E-tolls collection firm no longer in SA hands
The company collecting payments for the contentious e-toll system in Gauteng is now fully owned by the Austrian conglomerate Kapsch. This was confirmed on Tuesday with the divestment of the only BEE partner in TMT Services and Supplies, which with Kapsch Trafficom made up the e-tolls collections company ETC.
Call for SAA business rescue amid funding woes
The recent High Court judgment ordering South African Airways (SAA) to pay Nationwide Airlines more than R104.6-million in damages for uncompetitive practices means the national carrier now has no wriggling room left, Alf Lees, the DA's deputy shadow minister of finance, said on Thursday. He pointed out that the remaining R99-million SAA can borrow against its R15-billion government guarantee is not enough to meet the Nationwide judgment that is likely to amount to some R140-million once…
SABMiller trillion rand deal now in disarray | Fin24
AB InBev’s R1.47trn takeover bid for SABMiller was thrown into disarray after the target company suspended integration of the two brewers following a rebellion from shareholders.
BHP fighting rollercoaster legal battle over Brazil dam collapse
Legal claims and appeals in BHP Billiton’s rollercoaster legal battle in Brazil are obscuring the size of the potential eventual payout, which is oscillating between a hoped-for $2.3-billion claim and the return of a suspended $6.2-billion – with the ghost of a monumental nine-times-bigger claim refusing to go away. “BHP Billiton has suffered a fresh setback in Brazil,” the Sydney Morning Herald said in a report quoting Shaw and Partners analyst Peter O'Connor as saying that, under Brazilian…