Ster-Kinekor and SABC to pay massive fine for price fixing

Jamie McKane

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Ster-Kinekor and SABC to pay massive fine for price fixing

Ster-Kinekor, Primedia, and the SABC have admitted to being involved in price fixing and have reached settlement agreements with the Competition Commission.

This follows an investigation initiated in November 2011 which found that the media companies colluded through the Media Credit Coordinators (MCC), with members offering discounts and payment terms to advertising agencies that placed advertisements with other members.
 

Polymathic

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What does SABC have to gain by fixing prices with Ster-Kinekor? Only Ster-Kinekor will gain from such an agreement.
 

LazyLion

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SABC doesn't even have R30 Million to pay a fine with....
 

Nerfherder

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What does SABC have to gain by fixing prices with Ster-Kinekor? Only Ster-Kinekor will gain from such an agreement.
Means someone got a kick-back.

The people involved must pay the fines.
 

InfidelGastro

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Burn City. A good thing that I haven't squandered a cent on either organisation for more than a decade.
 

eg2505

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Burn City. A good thing that I haven't squandered a cent on either organisation for more than a decade.
remember the majority of the population still goes go to cinemas and watches SABC 1
so at least somebody is mentioning and making these companies pay for their mistakes.
 

ToxicBunny

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remember the majority of the population still goes go to cinemas and watches SABC 1
so at least somebody is mentioning and making these companies pay for their mistakes.
Just for reference, the majority of the population does not go to the cinema... its something that is limited to the middle class and up due to the cost.
 

Ninja'd

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Does anyone still watch movies on the big screen...?
No. Absolutely no one goes to cinema anymore. It's so empty. The employees at the concession are always on their phones because there is no one to serve.

Do you know how much Black Panther made here when it was released? R0.

Why do they still bother?
 
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