Alvern Cables to pay R4.7m penalty for price fixing, dividing markets 

Power cable supply company Alvern Cables has admitted that it engaged in price fixing and market division tendering from November 2001 to November 2012, the Competition Tribunal said in a statement on Friday. The tribunal has confirmed an administrative penalty of R4 .7-million, which is 5% of Alvern’s turnover for 2010.    The cables affected were mainly building wire for both residential and commercial use.    The Competition Commission first lodged a complaint with the tribunal in March 2010 ...