Mon 30 March 2015
AIRPORTS COMPANY SOUTH AFRICA TO ROLL OUT AN INTERNAL COMPETITION COMPLIANCE CAMPAIGN
|30 March 2015 – Airports Company
South Africa has committed to rolling out an internal awareness campaign around
competition law across its network of airports during the course of the year.
This follows a recent finding of the Competition Tribunal that actions
of a former employee contravened section 4(1) (b) of the Competition Act 1998.
As part of its ruling, the Tribunal fined Airports Company South Africa R1, 979,
881.00 for its technical breach of the Act.
The Competition Commission
began its investigation in July 2012 and found that a former employee of
Airports Company South Africa shared sensitive information about car rental
parking bays with the Bombela Concession Company. The employee, who left the
company in 2012, did not have authority or permission to discuss such
information with Bombela. At the time of the discussion, Airports Company South
Africa had already entered into a five (5) year agreement with the various car
rental, which would have made it impossible to readjust prices. Airports Company
South Africa derived no financial and/or undue benefit from the actions of the
The Tribunal has recommended that Airports Company
South Africa roll out a Competition Law Compliance Programme as part of its
Corporate Governance Policy to its employees, managers, directors and agents
regarding compliance among its employees.
Airports Company South Africa
CEO, Bongani Maseko acknowledged and accepted the Commission’s findings. Maseko
has made a commitment that the company will take all the relevant actions to
ensure that the employees act responsibly and with integrity. He further
confirmed that the company takes compliance with laws and Corporate Governance
very seriously. In conclusion, Maseko emphasised that inculcating a culture of
compliance remains a focal point within Airports Company South
|Categories: Passengers |