Competition Commission slaps Takata SA with 17 more charges

The Competition Commission has added 17 more charges to Global airbag and seatbelt manufacturer Takata Corporation and its local arm‚ Takata SA.

Four other charges were referred to the Competition Tribunal for prosecution in March this year.

The company is charged for cases of collusive tendering‚ price fixing and market division.

This is an international cartel and we have uncovered more.

Sipho Ngwema, Head of Communications at the Competition Commission

READ: Toyota explains recall of cars due to faulty airbags

We have signed with Toyota who was also part of the cartel have agreed to pay a fine of R6 million for their involvement on the Toyota tender that involves Yaris and another model.

Sipho Ngwema, Head of Communications at the Competition Commission

Three of the companies that were involved in this cartel has already pleaded guilty, it's only Takata who's facing 22 charges the other ones pleaded guilty and paid fines.

Sipho Ngwema, Head of Communications at the Competition Commission

Find out which other companies were fined...


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