Subscribe & Follow

Advertise your job vacancies

Jobs

Senior .Net Developer Cape Town
Intermediate Full Stack Software Engineer Bedfordview
Junior Accountant Cape Town
Dangerous Goods Code 10 Driver George
Senior Brand Designer Cape Town
Motor Insurance Claims Consultant George
SEO and Content Creator Intern Cape Town
Sales, Marketing and Financial Advisory Durban
Advertising Sales Executive Illovo, Johannesburg
Lecturer – School of Education (History & Geography) Pretoria

Union welcomes Foodcorp's bread cartel fine

7 Jan 2009

Food and Allied Workers' Union welcomes fine imposed on bread maker for role in bread price fixing.

Labour union Food and Allied Workers' Union (Fawu) has welcomed a fine imposed on bread maker Foodcorp for admitting a role in bread price fixing, it said on Tuesday.

"Fawu welcomes the move by Foodcorp regarding its admission of guilt and payment of fine for their involvement in the morally repugnant price-fixing scandal," it said.

The union further called on President Kgalema Motlanthe to sign the amended Competition Act into law. The amended version holds directors personally liable for transgressions.

The union's comments follows news on Monday that Foodcorp has agreed to pay a R45.4 million fine for its involvement in the bread cartel that rocked the country late 2007.

Source: I-Net Bridge

Published courtesy of