insert_link Business / Economics Competition Commission Transfers N$9 Million in Penalties to State The Competition Commission has contributed N$65 million in penalties to the State Revenue Fund since 2009, including N$9 million for the 2024/25 financial year. The latest payments came from settlement agreements in the non-financial, cement, and fuel and air transport sectors. Dina //Gowases is the Commission’s spokesperson: today23 October, 2025
insert_link South Africa SA Competition Commission appeals rand manipulation case in Constitutional Court Constitutional Court chamber SA (Photo: ICJ) South Africa’s Competition Commission has escalated its rand manipulation case to the Constitutional Court, appealing a ruling that dismissed charges against several banks. The hearing, which runs until Friday, aims to revive allegations that 13 banks colluded to rig the rand–dollar exchange rate between 2007 and 2013. The Commission maintains that the alleged misconduct undermined South Africa’s financial system and distorted the currency market […] today19 August, 2025
insert_link Namibia Namibia Lacks Laws to Compel Tech Giants to Pay Media The Namibian Competition Commission has stated that the country does not have laws similar to South Africa’s, where tech giants have been ordered to compensate the media. This as South Africa’s Competition Commission recently ruled that Google must pay local media between R300 million and R500 million for using their content, as the platform benefits by an estimated R800 million to R900 million annually. Eric Mhunduru from NewsOnOne on One […] today26 February, 2025
insert_link Business / Economics Google ordered to pay South African media up to R500 million annually South Africa’s Competition Commission has ruled that tech giant Google must pay local news media between R300 million and R500 million annually to address lost advertising revenue and competition imbalances. The decision follows an inquiry that found Google benefits from South African news content by as much as R900 million per year, while local media houses suffer losses ranging from R300 million to R500 million. In addition to financial compensation, […] today25 February, 2025
insert_link Business / Economics S.A. Trade and Industry Minister Welcomes Fresh Produce Market Inquiry Report S.A's Trade and Industry minister Parks Tau has welcomed the Fresh Produce Market Inquiry’s final report led by the Competition Commission. The inquiry, which released provisional findings in June last year, noted how the inconsistency of several by-laws harmed competition. The domestic fresh produce market in the country is estimated to be valued at 53-billion-rand annually. The ministry’s spokesperson, Yamkela Fanisi, says the 31 remedies presented in the report […] today14 January, 2025
insert_link Namibia Competition commission achieves only 56% of performance target The Auditor-General has provided an unqualified audit opinion on the Namibian Competition Commission's financial statements for the fiscal year ending March 31, 2024, confirming that the Commission's financial records accurately represent its status in line with International Financial Reporting Standards. Conducted in accordance with international auditing standards, the audit revealed no major issues with the Commission’s financial practices. The Auditor-General stated that he found ample audit evidence to support his […] today31 October, 2024
insert_link Business / Economics Competition Commission Approves Dundee-Sinomine Merger with Employment Conditions The Competition Commission has approved the merger between Dundee Precious Metals Tsumeb Holdings and China’s Sinomine Resource Group, provided there are no retrenchments of Namibian employees for three years. The companies must also maintain a minimum ratio of 92% local employees to foreign employees. NaCC spokesperson: Dina //Gowases. today23 August, 2024
insert_link Namibia Competition Commission Says Settlement Reached Over Unapproved Merger The Competition Commission has reached a settlement with Fan Qingmei, Wang Zhongke, Hong Xiang Holdings, and Whale Rock Cement. The agreement follows an investigation revealing that these parties violated regulations by implementing a merger without the Commission's prior approval. Zhongke acquired shares in Hong Xiang Holdings from Qingmei, which holds a 70% stake in Whale Rock Cement and controls the company.The commission's, Dina //Gowases. t today2 August, 2024
insert_link Business / Economics Auto industry faces new guidelines The Namibian Competition Commission is developing industry guidelines to address anti-competitive practices in the automotive sector. The proposed guidelines will, according to the Commission, improve market conditions by promoting fair competition, transparency, and consumer protection. The development follows an investigation launched in 2018 into the conduct of original equipment manufacturers, vehicle dealerships, and panel beaters. NaCC spokesperson Dina //Gowases. today30 July, 2024
