S. Africa's I&J May Face Prosecution for Karan Beef Collusion
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South Africa’s Competition Commission has referred beef-processing companies Irvin & Johnson Ltd. and Karan Beef (Pty) Ltd. to the Competition Tribunal for prosecution over cartel conduct.
The two companies have been charged with dividing markets in the supply of processed beef products, the market regulator said in a statement on its website. Karan Beef admitted guilt and paid an administrative penalty of 2.7 million rand ($184,400), the commission said. It is seeking a penalty of 10 percent of I&J’s annual turnover.