Tourvest Holdings (Pty) Ltd v Competition Comission and Another (195/CAC/Oct21)
Tourvest Holdings (Pty) Ltd v Competition Comission and Another (195/CAC/Oct21) [2022] ZACAC 5; [2022] 2 CPLR 27 (CAC) (30 June 2022)
The Tribunal erred in its characterisation inquiry by failing to apply accepted competition law and economic principles. The correct approach is to assess whether the parties were actual or potential competitors absent the impugned agreement. The Trust lacked the capacity, eligibility, and infrastructure to compete independently and was not a competitor in the relevant market. The collaboration between Tourvest and the Trust was fully disclosed and did not have an anti-competitive object or effect. The submission of similar bids did not constitute collusive tendering under section 4(1)(b)(iii…
Source excerpt
- Collusive Tendering
- Horizontal Relationship
- Characterisation In Competition Law
- Administrative Penalty
- Enterprise Development
- Bid Rigging