Competition watchdog fines Japanese shipping firm

Competition watchdog fines Japanese shipping firm

By Blair Burmeister South Africa’s competition watchdog has recommended Japanese shipping firm Nippon Yusen Kabushiki Kaisha (NYK) pay a R104 million ($8.5 million) penalty for price-fixing and collusion in the transport of cars. The Competition Commission said on Tuesday NYK had admitted guilt and agreed to pay the fine after an investigation into collusion involving several shipping firms. “The Commission
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