Competition Commissioner, Thembinkosi Bonakele talks to Breakfast Show host Kieno Kammies about the extensive cartels operating in the automotive shipping liner industry. South Africa, he says, has a thriving car manufacturers based here and vehicles are shipped for export.
At least three Japanese shipping liners, one Norwegian and one Chilean, have been negotiating among themselves and fixing prices.— Thembinkosi Bonakele, Competition Commission
They have paid fines and one has already been prosecuted for the export of Toyota's.— Thembinkosi Bonakele, Competition Commission
For an explanation how tenders are rigged and it's impact on SA's competitiveness, listen here: