Two wholesalers in bicycle price-fixing charges get R4m administrative fines each

[T-Bob]

 Prices were set to increase on 1 October 2008, as it was the beginning of the new cycling season and new bicycles and accessories were usually launched at this time and new price lists issued. Details of these discussions had been posted on an online discussion forum called The Hub and was brought to the attention of the Commission.

 

 

 

Missed that part in initial reading. Shame the old hub got broken, would loved to have seen the discussions in question that kicked this off. 

[robsc]

The issue was price fixing, not the actual percentage of markup. 

 

Correct but the only way to bounce back from a R4 mil fine is to increase your profit 

[Kranswurm]

Old news....was a great saga at the time.The good old days of little or no censorship on here

[Bizkit031]

guess shimano prices are going to go through the roof soon 

yea they need to make up their lost 4mil from us for their wheeling and dealing.

[BaGearA]

And "POP" goes the weasel 

[Tumbleweed]

The issue was price fixing, not the actual percentage of markup.

This price would be fixed if a mark-up percentage was agreed to across the industry.

[Tumbleweed]

It wouldn't surprise me if the fine is challenged. The authorities have made a number of missteps in this process.

['Kaze Pete]

It wouldn't surprise me if the fine is challenged. The authorities have made a number of missteps in this process.

Were you not part of exposing this, and subsequently had threats made against you?

 

https://community.bikehub.co.za/topic/34441-bike-retailer-cartel/?p=580258

Edited May 31, 2016 by 'Kaze Pete

[fanievb]

BOOOOOOM!

 

but, like the bread vibe, i suppose we're going to pay in the end.

You've already paid

[Tumbleweed]

Were you not part of exposing this, and subsequently had threats made against you?

Ja, there were about seven or eight pages of discussion before I posted the minutes and attendance list of the meeting. It got a bit ugly after that.

[Guest notmyname]

Yeah. I'll continue to purchase grey/gray imports. The system is sick and I'm not interested in being part of it.

[Fr33rider]

http://www.saflii.org/za/cases/ZACT/2013/37.html

 

I guess the above relates.

 

Sent from my E6653 using Tapatalk

[DJR]

I am a serious doubter when it comes to the dealings of the competition commission. I take what they do and say with a very big pinch of salt!

[Tumbleweed]

I am a serious doubter when it comes to the dealings of the competition commission. I take what they do and say with a very big pinch of salt!

They have stepped up the frequency of press statements over the last couple of months. A lot of bluster among it.

[FCH]

sorry regardless of what whom may say; when I hear or read rrp..... I walk, pure and simple price fixing.

Feel for (some) bike shops but I buy every single part online now; we get milked by a corrupt government 24/7, no reason for me to allow this in something I do to forget about the government!

[Brickleberry]

Let's hear all those shop owners tell us how hard done by they are and how there is no money?