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CompComm approves AMSA’s R1.5bn settlement proposal

By:  
Creamer Media Deputy Editor
 
STEEL
The Competition Commission has approved steel producer ArcelorMittal South Africa’s (AMSA’s) proposal to pay R1.5-billion to the commission for its involvement in long steel and scrap metal cartels. This will be the largest competition-related fine ever paid by a single South African entity and will settle all pending investigations and prosecutions against AMSA.
 
 
 
 
 

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