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JOHANNESBURG Malcom Brown Limited Jersey , June 19 (Xinhua) -- The South African Competition Commission said Monday that it has referred the company Rooibos South Africa to the Competition Tribunal for monopolization of rooibos tea supply market.


Rooibos is the largest processor of rooibos tea in South Africa. In 2015, the Commission received a complaint from a processor of rooibos tea which they investigated. Their probe focused on Rooibos's monopolization of rooibos tea supply from commercial farmers, in order to foreclose its competitors in the processing level of the value chain or prevent the expansion of its rivals in the market.


The Competition Commission said Rooibos remains a dominant player in the processing of rooibos tea because they inherited the assets and the monopoly position previously occupied by the Rooibos Tea Control Board, which was established in 1954 by the previous government. The Board was responsible for regulating the marketing, pricing and research in the rooibos tea industry.


"The Commission is concerned of Rooibos' ongoing anti-competitive conduct, particularly as this hampers the growth of the agro-processing industry in South Africa. Dominant firms have a special responsibility to ensure they do not stifle competition," said the Deputy Competition Commissioner, Hardin Ratshisusu.


The Commission said even though there are 220 rooibos tea commercial farmers,only a limited number contribute the bulk of the total production which is supplied to rooibos tea processors. The processors buy rooibos tea in bulk from commercial farmers, dry it and sell it to local packers and export market. Some new comers in the industry were not happy with the dominance of Rooibos.


The processors used to get their supply of rooibos tea from farmers through one-year supply agreements. In 2014 Rooibos introduced exclusionary contracting strategies to lock-in or foreclose the supply of rooibos tea from farmers, thereby starving its competitors of access to a product that only grows in a small geographic region. The company entered into a long contract from 2014 to 2018.


Rooibos demanded that farmers supply half of their production to them to access its production research output. This was after the collapse of the research function undertaken by the South African Research Agricultural Council in 2014. The Competition Commission said exclusionary contracting strategies were meant to shut out commercial farmers by ensuring that they preferred Rooibos thereby affecting the competitors.


The Commission has referred the complaint to the Tribunal for adjudication and seeking an order declaring that Rooibos has contravened the Competition Act. The Competition Commission want the Tribunal to fine Rooibos an administrative penalty equal to 10 percent of its annual turnover.


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Incorporating A Singapore Company April 21, 2013 | Author: Amy Alvarez | Posted in Business

The business and trade industry is no doubt one of the main priorities of Singapore. Opening its doors to both local and international companies alike has certainly helped the country gain solid footing in the global economic race. It has topped the Ease of Doing Business list of World Bank for numerous consecutive years now, as well as ranking fourth in the Starting a Business category again, which goes to show how it values the industry. It’s definitely easy to establish a business in Singapore, but to guard the rights and the legality of every company, it also strictly implements regulations.


Singapore company registration is a straightforward procedure. It had been made that way to persuade investors to establish their business in the country. Whatever type of business they prefer, they can have it completely registered within minutes. They just need to register it with ACRA or Accounting and Corporate Regulatory Authority. The same is applicable as well for company incorporation process.


Any person who is 18 years old and above, whether they’re a local resident or a foreign resident, can register a company. They must not be an undischarged bankrupt or at least have acquired the agreement of the High Court or the Official Assignee. An online application at the BizFile website is the first step. They require their SingPass to log in to the web page, though. So for foreigners, they would need to appoint a corporate services company to carry it out for them or have their resident director register their company.


Fifteen minutes is all it takes to finish a registration. However, if the application is passed on to other government organisations for approval or evaluation, it could take longer from 14 days to 2 months. This is usually the case when the registration applications have law, bank, and media in their names. If the registration has been finished, they can now secure other company requirements so they can run their business legally. This includes the appointing of company secretary within six months of their incorporation, the opening of their corporate bank account in the country, and the registration of different business licenses.


There are also reporting requisites that companies must adhere to. They are responsible in making sure that the information they filed with ACRA is always up-to-date and accurate. They can do so by filing the changes via the BizFile website. They also have to submit the mandated annual filings, like the company’s annual re. Wholesale Jerseys Wholesale Jerseys Free Shipping Wholesale Authentic NCAA Jerseys Wholesale New NBA Jerseys Wholesale College Baseball Jerseys Wholesale Authentic NBA Jerseys Cheap College Jerseys From China Cheap Nike NBA Jerseys Wholesale Soccer Jerseys Online Wholesale Hockey Jerseys

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