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tribunalAnnual Report2008 | 2009
Annual Report 2008 | 2009
• 140 cases heard and111reasonsfordecisionsissued.• 102 large merger casesheardand102ofthesedecided.• 79.41 %ofhearingsinlargemergercasestookplacewithin10daysofreceiptofcase.• 100% of decisionsinlargemergercasesreleasedwithin10daysofhearing.• 126.5 daysspentinhearings.• 375 media reportsinsourcesmonitoredbytheTribunal.• totalvalueofadministrativepenaltiesimposedexceededR 303 million.• chairpersonDavidLewisappointedaschairmanofthesteeringgroupoftheInternational
Competition Network (ICN).• continuedactive participationintheCompetitionCommitteeoftheOrganisationforEconomic Co-operationandDevelopment(OECD).• anewchairpersontobeappointedasDavidLewisnearsendofhistenth yearinthisposition.
• theTribunalisanindependent,specialisedinstitutionestablishedbystatute.• theTribunalregulatescorporatemergersandadjudicatesallegationsofanti-competitivepractices.• inrespectofmergers,theTribunal ° authorisesorprohibitslargemergers,and ° adjudicatesappealsfromtheCompetitionCommission’sdecisionsregardingintermediatemergers.• inrespectofanti-competitivebehaviour,theTribunal ° adjudicatescomplaintreferrals, ° adjudicatesinterimreliefapplications,and ° adjudicatesappealsfromtheCompetitionCommission’sdecisionsregardingapplicationsfor
exemption.
What we do
Salient features of the year
Report of the Auditor-General 2Chairperson’s Report 5Members and Secretariat 12Corporate Governance 16Compliance with Legislation 17Human Resource Development 19Financial Management 22Communicating the Work of the Tribunal 24Performance Indicators 25Cases before the Competition Tribunal 36The Competition Appeal Court 43Annual Financial Statements 45Report of the Audit Committee 74Appendix A 76Appendix B 80Appendix C 81Appendix D 83Appendix E 85Appendix F 87
Contents
tribunal
� �� �
TO PARLIAMENT ON THE FINANCIAL STATEMENTS AND PERFORMANCE INFORMATION OF THE COMPETITION TRIBUNAL FOR THE YEAR ENDED 31 MARCH 2009
Report of the Auditor-General
REPORT ON THE FINANCIAL STATEMENTS
Introduction
1. I have audited the accompanying financialstatements of the Competition Tribunal whichcomprise the statementoffinancialpositionasat�1 March �009, and the statement of financialperformance,thestatementofchangesinnetassetsandthecashflowstatementfortheyearthenended,asummaryof significantaccountingpoliciesandotherexplanatorynotesassetoutonpages46to7�.
The accounting authority’s responsibility for the financial statements
�. The accounting authority is responsible for thepreparationandfairpresentationofthesefinancialstatements in accordance with the basis ofaccountingdeterminedbytheNationalTreasury,assetoutinaccountingpolicynote1tothefinancialstatementsandinthemannerrequiredbythePublicFinance Management Act, 1999 (Act No. 1 of1999) (PFMA) and the Competition Act, 1998(ActNo.89of1998)andforsuchinternalcontrolastheaccountingauthoritydeterminesisnecessaryto enable the preparation of financial statementsthat are free frommaterialmisstatement,whetherduetofraudorerror.
The Auditor-General’s responsibility
�. As required by section 188 of the Constitutionof the RepublicofSouthAfrica,1996 readwithsection4ofthePublicAuditAct,�004(ActNo.
�5 of �004) (PAA) and section 40(10) of theCompetition Act, 1998 (Act No. 89 of 1998),myresponsibilityistoexpressanopiniononthesefinancialstatementsbasedonmyaudit.
4. I conducted my audit in accordance withthe International Standards on Auditing readwith General Notice 616 of 2008, issued inGovernment Gazette No. 31057 of 15 May 2008.ThosestandardsrequirethatIcomplywithethicalrequirementsandplanandperformtheauditto obtain reasonable assurance about whetherthe financial statements are free from materialmisstatement.
5. Anauditinvolvesperformingprocedurestoobtainauditevidenceabouttheamountsanddisclosuresinthefinancialstatements.Theproceduresselecteddependon theauditor’s judgement, including theassessmentoftherisksofmaterialmisstatementofthe financial statements,whether due to fraud orerror.Inmakingthoseriskassessments,theauditorconsiders internal control relevant to the entity’spreparation and fair presentation of the financialstatements in order to design audit proceduresthatareappropriate in thecircumstances,butnotfor the purpose of expressing an opinion on theeffectivenessoftheentity’sinternalcontrol.Anauditalso includes evaluating the appropriateness ofaccountingpoliciesusedand the reasonablenessofaccountingestimatesmadebymanagement,aswell as evaluating theoverall presentationof thefinancialstatements.
6. IbelievethattheauditevidenceIhaveobtainedissufficientandappropriatetoprovideabasisformyauditopinion.
� �� �
Opinion
7. Inmyopinionthefinancialstatementspresentfairly,inallmaterialrespects,thefinancialpositionoftheCompetitionTribunalasat�1March�009anditsfinancialperformanceanditscashflowsfortheyearthenended,inaccordancewiththebasisofaccountingdeterminedbytheNationalTreasuryassetoutinaccountingpolicynote1tothefinancialstatementsandthePFMA.
Basis of accounting
8. Without qualifying my opinion, I draw attentionto note 1 to the financial statements, whichprescribestheaccountingpolicy.Thepublicentityis topreparefinancial statementson thebasisofaccountingdeterminedbytheNationalTreasury.
OTHER MATTERS
Withoutqualifyingmyopinion,Idrawattentiontothefollowingmattersthatrelatetomyresponsibilitiesintheauditofthefinancialstatements:
Governance framework
9. Thegovernanceprinciplesthatimpacttheauditor’sopinionon thefinancial statementsare related totheresponsibilitiesandpracticesexercisedbytheaccounting authority and executive managementand are reflected in the key governanceresponsibilitiesaddressedbelow.
Key governance responsibilities
10.The PFMA tasks the accounting authority with anumberofresponsibilitiesconcerningfinancialandriskmanagementandinternalcontrol.Fundamentalto achieving this is the implementation of keygovernanceresponsibilities,whichIhaveassessedasfollows:
Matter Y NClear trail of supporting documentation that is easily available and provided in a timely manner1. Nosignificantdifficultieswereexperiencedduring theaudit concerningdelaysor theavailabilityof
requestedinformation.a
Quality of financial statements and related management information2. Thefinancialstatementswerenotsubjecttoanymaterialamendmentsresultingfromtheaudit. a
3. Theannualreportwassubmittedforconsiderationpriortothetablingoftheauditor’sreport. a
Timeliness of financial statements and management information4. Theannualfinancialstatementsweresubmittedforauditingasperthelegislateddeadlines(section55
ofthePFMA).a
Availability of key officials during audit 5. Keyofficialswereavailablethroughouttheauditprocess. a
Development and compliance with risk management, effective internal control and governance practices6. Auditcommittee
Thepublicentityhadanauditcommitteeinoperationthroughoutthefinancialyear.• a
Theauditcommitteeoperatesinaccordancewithapproved,writtentermsofreference.• a
Theauditcommitteesubstantiallyfulfilleditsresponsibilitiesfortheyear,assetoutinsection77ofthePFMAandTreasuryRegulation27.1.8.
•a
7. InternalauditThepublicentityhadaninternalauditfunctioninoperationthroughoutthefinancialyear.• a
Theinternalauditfunctionoperatesintermsofanapprovedinternalauditplan.• a
Theinternalauditfunctionsubstantiallyfulfilleditsresponsibilitiesfortheyear,assetoutinTreasuryRegulation27.2
•a
8. Therearenosignificantdeficienciesinthedesignandimplementationofinternalcontrolinrespectoffinancialandriskmanagement.
a
4
Matter Y N9. Therearenosignificantdeficienciesinthedesignandimplementationofinternalcontrolinrespectof
compliancewithapplicablelawsandregulations.a
10. Theinformationsystemswereappropriatetofacilitatethepreparationofthefinancialstatements. a
11. Ariskassessmentwasconductedonaregularbasisandariskmanagementstrategy,whichincludesafraudpreventionplan,isdocumentedandusedassetoutinTreasuryRegulation27.2.
a
12. Powersanddutieshavebeenassigned,assetoutinsection56ofthePFMA a
Follow-up of audit findings13. Theprioryearauditfindingshavebeensubstantiallyaddressed. a
Issues relating to the reporting of performance information 15. Theinformationsystemswereappropriatetofacilitatethepreparationofaperformancereportthatis
accurateandcomplete.a
16. Adequatecontrolprocessesandproceduresaredesignedandimplementedtoensuretheaccuracyandcompletenessofreportedperformanceinformation.
a
17. A strategic plan was prepared and approved for the financial year under review for purposes ofmonitoringtheperformanceinrelationtothebudgetanddeliverybytheCompetitionTribunalagainstitsmandate,predeterminedobjectives,outputs,indicatorsandtargets(TreasuryRegulation30.1).
a
18. Thereisafunctioningperformancemanagementsystemandperformancebonusesareonlypaidafterproperassessmentandapprovalbythosechargedwithgovernance.
a
REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS
Report on performance information
11.Ihavereviewedtheperformanceinformationasset
outonpages�5to�5.
The accounting authority’s responsibility for the performance information
1�.The accounting authority has additional
responsibilities as required by section 55(�)(a)
of thePFMAtoensurethat theannualreportand
audited financial statements fairly present the
performance against predetermined objectives of
thepublicentity.
The Auditor-General’s responsibility
1�.I conductedmy engagement in accordancewith
section1�of thePAAreadwithGeneral Notice
616 of 2008,issuedinGovernment Gazette No.
31057 of 15 May 2008.
14.Intermsoftheforegoingmyengagementincluded
performing procedures of an audit nature to
obtain sufficient appropriate evidence about the
performance information and related systems,
processesandprocedures.Theproceduresselected
dependontheauditor’sjudgement.
15.I believe that the evidence I have obtained
is sufficient and appropriate to report that no
significantfindingshavebeenidentifiedasaresult
ofmyreview.
APPRECIATION
16.The assistance rendered by the staff of the
Competition Tribunal during the audit is sincerely
appreciated.
Pretoria
18August�009
5
INTRODUCTION
It is my pleasure to present, as part of the audited
financial statements, the tenth annual report of the
Competition Tribunal for the year ended �1 March
�009.
TheTribunalhasbeeninexistencefornineandahalf
years, having commenced operations in September
1999.Asoneofthenationalantitrustauthorities,itplays
anessentialroleinthecreationofanationalcultureof
respectfortheprinciplesofcompetitiveconduct,which
nowapplyalmostworldwide. Indoingso ithas set
out to earn the credibility and confidence of diverse
stakeholders. Its role as the principal adjudicative
entity in thenationalantitrust system ismanifest in the
developmentofacrediblebodyof jurisprudence that
respondstothecountry’sspecificneedsandlegislation,
but is solidly grounded in rich international learning
andexperience. The transparencyand rigour of the
Tribunal’s proceedings contribute significantly to the
increasingly vibrant competitionculture thathas taken
rootinSouthAfrica.
Thetrendreferredtoinlastyear’sreportofanincreasing
numberof restrictivepracticecases,particularlycartel
cases,hasaccelerated. Severalof thesehavecome
before the Tribunal in the form of consent orders. It
appears that the Commission’s corporate leniency
programmehasplayedahighlysignificantroleinthe
successes of these investigations, and this is further
testimony to the growing respect enjoyed by the
competition systemand theauthorities that enforce it.
Thelong-runningcaseagainstANSAC,theassociation
ofUSsodaashproducers,wassettledontheeveofthe
conclusionofa lengthy trial, thesettlementagreement
reflectingcloselythetermsonwhichANSAChadbeen
chargedinthefirstplace.ANSAChasagreedtocease
operationsinSouthAfrica.
AsInotedpreviously, thisincreaseinthenumberand
complexityofrestrictivepracticecaseswillundoubtedly
continuetocharacterizethenextphaseoftheTribunal’s
life. Restrictive practice cases, by their very nature,
arelengthyandconsumeconsiderabletimeandother
resources.TheTribunalisfortunateinthatitisableto
drawontheservicesofthreefull-timemembers,aswell
asacommittedgroupofpart-timemembersgiventhe
increasingdemandsbeingplacedonit.
Chairperson’s Reportfor the year ended 31 March 2009
6 76 7
Thisdoesnot,ofcourse,meanthattheTribunal’srolein
mergerregulationhasbeenneglected.Mergerregulation
continues to constitute the ‘breadandbutter’workof
theTribunaland,intheyearunderreview,substantial
numbers of important merger cases were considered
and decided. They included the intermediate merger
betweenPrimediaandNewAfrica,theacquisitionof
RJSoutheyby InvestecBank, the intermediatemerger
betweenMTOForestryandBoskorSaagmeule in the
Type of case 2009/2008%age of cases
heard2008/2007
%age of cases heard
Largemerger 102 72.86 100 68.03
Procedural 23 16.43 33 22.45
Intermediatemerger 2 1.43 2 1.36
Restrictivepractice 13 9.28 12 8.16
Total 140 100 147 100
forestry industry, the acquisition of Verizon by MTN
and the Vodafone Group Plc and Vodacom Group
transaction.
Thetablebelow,setsoutthenumberofcasesinvarious
categories heard by the Tribunal in the year under
review and their percentage contribution to the total
numberofcasesheard.
TheTribunal’simpactonbusinessactivityandthehigh
levelofpublicdebatesurroundingcompetitionthathas
developedinconsequenceisreflectedintheextensive
mediacoveragetheTribunalhearingsreceive.Thisis
makingasignificantcontribution towards thebuilding
of a competition culture and is a vindication of the
transparent and inclusive approach adopted by the
Tribunal.
TheTribunalhasagainplayedaleadingroleinrelevant
internationalbodiessuchastheICN.Earlierthisyear
IwasappointedchairmanoftheSteeringGroupofthe
ICN.Thisisclearevidenceoftheincreasinglyactiverole
playedbydevelopingandemergingmarketeconomies
inacriticalfieldofappliedeconomics that,until little
morethanadecadeago,washardlypracticedoutside
ofasmallhandfulofhighlydevelopedcountries.
The Tribunal and the Commission again participated
actively in theCompetitionCommittee of theOECD,
a body at the international cutting edge of new
developmentsincompetitionlawandpolicy.Wehave
also participated actively in the competition section
of the United Nations Commission on Trade and
Development(UNCTAD)andareactivelyattemptingto
assistemergingauthoritiesinsub-SaharanAfrica.
MycurrenttermofofficeendsattheendofJuly�009.
TheCompetitionActimposesatwo-termlimitonservice
bychairpersonsoftheTribunal,somytenurewillsoon
cometoanend.
Iampleasedtosaythatagoodproportionofthestaff
and members of the Tribunal, have worked with the
Tribunalforthefulltenyearsofitsexistence,andwill,
Ihavenodoubt,continuetodosoformanyyearsto
come,providing valuable stabilityandcontinuityand
addingtoitsinstitutionalmemory.
I would like to take this opportunity to record my
gratitudetoboththeTribunal’smembersanditssupport
stafffortheircontributiontotheworkoftheTribunaland
fortheconsistentlyhighqualityofpublicservicewhich
theyhaverendered.
STATEMENT OF RESPONSIBILITY
Theaccountingauthorityisresponsibleforthepreparation,
integrityandfairpresentationofthefinancialstatements
of the Competition Tribunal for the year ended �1
March�009. Thefinancial statementspresentedon
page 46 to 7� were prepared in accordance with
the South African Statements of Generally Accepted
6 76 7
Accounting Practice, including any interpretations of
such statements issued by the Accounting Practices
Board and with the effective Standards of Generally
RecognisedAccountingPracticestotheextentindicated
intheaccountingpolicies.
The financial statements include amounts based on
judgmentsandestimatesmadebymanagement.
The accounting authority, in consultation with the
executive committee, prepared the other information
included in the annual report, and is responsible for
bothitsaccuracyanditsconsistencywiththefinancial
statements.
Thegoingconcernbasishasbeenadoptedinpreparing
thefinancialstatements.
Theaccountingauthorityhasnoreasontobelievethat
sufficientfundingwillnotbeobtainedtocontinuewith
theofficialfunctionsoftheTribunal.
These financial statements support the viability of the
Tribunal.
Thefinancialstatementswereauditedbyanindependent
auditor,theAuditor-GeneralSouthAfrica.Theauditor
wasgivenunrestrictedaccesstoallfinancialrecordsand
relateddata,includingtheminutesofallmeetingsofthe
executive committee, staff and the casemanagement
committee. Theaccountingauthoritybelieves thatall
representationsmadetotheauditorduringtheauditare
validandappropriate.
TheauditreportoftheAuditor-Generalispresentedon
pages�-4.
Theaccountingauthorityinitiallyapprovedthefinancial
statementson�0May�009andsubmittedthemtothe
Auditor-Generalonthesameday.
NATURE OF BUSINESS
TheTribunalhasbeenlistedasanationalpublicentity
intermsofthePFMAsince1April1999.
The Tribunal is one of three institutions constituted in
1999 in terms of the Competition Act (Act No. 89
of1998) topromoteandmaintaincompetition in the
economy and to ensure compliance with the Act’s
provisions.
The Tribunal derives its mandate from the Act and
has jurisdiction throughoutSouthAfrica. TheTribunal
functions independently of both government and the
Commission,whichistheinvestigativeandprosecutorial
arm of the competition authorities. The Tribunal’s
decisionsareenforceableonasimilarbasistothoseof
theHighCourt,andaresubjecttoappealtoorreview
bytheCompetitionAppealCourt.
DetailsoftheActandoftheTribunal’srulesofprocedure
can be found on the Tribunal website, on which
decisionsinitscasesarealsoposted.
TheTribunal’smainfunctionsaretoregulatemergersand
toadjudicatecasesconcerningrestrictivepractices.
TheelevenmembersappointedbythePresidentareas
follows:
D.Lewis-chairperson(full-time)
Adv.M.Moerane-deputychairperson(part-time)
Y.Carrim(full-time)
N.Manoim(full-time)
U.Bhoola(part-time)
Prof.M.Holden(part-time)
Adv.M.Madlanga(part-time)
M.Mokuena(part-time)
T.Orleyn(part-time)
L.Reyburn(part-time)
Dr.N.Theron(part-time)
8 98 9
Membersareappointedeitherona full -timeorpart-
time, basis depending on the needs of the Tribunal.
Cases are heard by panels comprising three of its
members.
CasesaretypicallybroughtbeforetheTribunalbythe
Commission,butincertaincircumstancesprivateparties
mayengagetheTribunaldirectly.
IntermsoftheAct,theTribunalproceedstoconsidera
matterwithinits jurisdictiononcethatmatterhasbeen
referred to it. Inamergercase itsdecisionwillbe to
approve themerger,withorwithout conditions,or to
prohibit themerger. Ina restrictivepracticecase the
Tribunalmay,ifitfindsthattheActhasbeencontravened,
imposeanyofawiderangeofremedies,includingthe
impositionofanadministrativepenaltyand,incertain
exceptionalcases,anorderofdivestiture.
OBJECTIVES AND TARGETS
The quasi-judicial nature of the Tribunal precludes it
from setting pro-active objectives or embarking on
focusedinterventionsthattargetanyparticularsectoror
emphasiseanyspecificcriterion.
TheTribunal’scaseloadisdeterminedbythenumberof
complaintreferralsandnotifiedmergersreceived,and
ithasnocontrolover thenumberand typesofcases
broughtbeforeit.
Eachcaseisadjudicatedonitsmerits.
TheTribunalhassetitselfsevenstrategicobjectivesthat
aredividedintothreemajorcategoriesintheTribunal’s
strategicplan:
(i) policyandlegislation
(ii) enforcementandcompliance
(iii) educationandawareness.
ThesestrategicobjectivesenabletheTribunaltooperate
withinthecontextoftheActandtopursueitscommitment
tocontributingtothepurposesoftheAct.
Specific activities and outputs are identified in each
categoryandperformanceindicatorsandtargetshave
been assigned to each output. Performance against
theseobjectivesisreportedonpages�5-�7.
FINANCIAL HIGHLIGHTS
2009R’000
2008R’000
Revenue(exclusiveofinterestreceived)
18,728 17,970
Interestreceived 1,869 1,497
Totalrevenue 20,597 19,467
Totalexpenditure (17,593) (15,427)
Surplusfortheyear 3,004 4,040
Totalassets 21,846 18,383
Totalliabilities 2,068 1,609
FINANCIAL PERFORMANCE
Revenuefortheyearended�1March�009increased
by5.8%.Filingfeeincomedecreasedby5.06%,while
therewasa14.�9%increaseinthegrantreceivedfrom
theDepartmentofTradeandIndustry.
In terms of a memorandum of agreement existing
between the two institutions, the Commission pays
the Tribunal �0% of the filing fees received by the
Commissionforlargemergersand5%ofthefilingfees
receivedforintermediatemergers.Thesefeescontinue
tomake upamajorportionof the Tribunal’s revenue
andconstituted4�.8�%of revenue in theyearunder
review,while48.10%camefromagrantreceivedfrom
theDepartmentofTradeandIndustry.
Totalexpenditure(netofcapitalexpenditure)intheyear
underreviewincreasedby14.04%.Amoredetailed
discussionof thechanges inexpenditure follows later
inthereport.
AtthebeginningofthefinancialyeartheTribunalhadan
accumulatedsurplusofR16,77million,whichincreased
byR�millionduringthecurrentfinancialyear.
8 98 9
IntermsofSection5�(�)ofthePFMA,entitiesarenot
allowed toaccumulatesurpluseswithout theapproval
oftheNationalTreasury.TheTribunalisintheprocess
of requesting approval from Treasury to retain theseaccumulated surpluses to cover expenditure during�009/�010and the next two years of themediumtermexpenditureframework(MTEF)cycle.
WhiletheTribunalcananddoesreceiveincomebasedon filing fees received by the Commission, it cannotrelyonthisasitssolesourceofincomeandtheTribunalwillthereforecontinuetoseekapprovalfromNationalTreasurytoretainitssurplusandinadditionwillcontinuetoseekgrantfundingfromthegovernmenttoensurethesustainabilityoftheinstitutionfortheforeseeablefuture.
Thereasonsfortheoperatingsurplusarediscussedmorefullylaterinthereport,butthemaincauseswere:
i) under-expenditureofapproximately1�%onadministrativeexpenses;
ii) paymentofthefullMTEF-allocatedgrantofR9,91millionbytheDepartmentofTradeandIndustrytotheTribunal;and
iii) interestofR1,87millionreceivedonsurplusfundsinvestedattheCorporationforPublicDeposits(CPD).
EVENTS SUBSEQUENT TO STATEMENT OF FINANCIAL POSITION DATE
Noeventstookplacebetweentheyear-enddate,�1March�009,andthedateofsigningofthefinancialstatements that were sufficiently material to warrantdisclosuretointerestedparties.
MEMBERS’ AND EXECUTIVE MEMBERS’ EMOLUMENTS
The tablebelow shows the totalannual remuneration(costtocompany)receivedbythefull-timemembersandmanagersoftheTribunal.
The chairperson, one full-time member and all themanagersservedontheTribunal’sexecutivecommitteeatsomestageduringtheyearunderreview.
2008 (R’000)
2007 (R’000)
Chairperson - D Lewis 1,611 1,287
Package 1,580 1,262
Grouplifeinsurance/pensionadminfees
31 25
Full-time member - N Manoim 1,392 1,257
Package 1,364 1,233
Grouplifeinsurance/pensionadminfees
28 24
Full-time member - Y Carrim 1,396 1,256
Package 1,368 1,233
Grouplifeinsurance/pensionadminfees
28 23
Head of Corporate Services - J de Klerk
760 614
Package 661 536
Performancebonus 84 65
Grouplifeinsurance/pensionadminfees
15 13
Head of Research - R Badenhorst
486 435
Package 425 382
Performancebonus 51 44
Grouplifeinsurance/pensionadminfees
10 9
Registrar - L Motaung 473 370
Package 413 326
Performancebonus 51 37
Group life insurance/pensionadminfees
9 7
10 1110 11
FollowingthepublicationoftheMosenekeCommissionreportin�008,substantialadjustmentsweremadetothesalariespaidtojudges.
Accordingly, the Department of Trade and Industryapproved,andtheTribunalapplied,adjustmentstotheremunerationoffull-timeTribunalmembersinDecember�008andMay�009.Theseincreaseswereeffectivefrom1April�008.
Performance bonuses for staff members are payablefor theyearendingMarch�009. Thesehavebeenaccruedfortheperiodandarereflectedseparatelyinthe tableonpage9. Theseamountsare included intrade payables and are reflected in the notes to theannualfinancialstatements.Full-timeTribunalmembersdonotreceiveperformancebonuses.
TheTribunalisresponsibleforitsemployees’contributionstogrouplifeinsurance,aswellasfortheadministrationcostsassociatedwiththepensionfund.Thesefigureshavebeenincludedinthestatedtotalremuneration,ashasanybackpayreceived.
INFRASTRUCTURE, PLANT AND EQUIPMENT
The Tribunal has adopted the policy prescribed by
InternationalAccountingStandard(IAS)16relatingto
theassessmentof theuseful lifeand residualvalueof
infrastructure, plant and equipment. Residual values
andusefullifeareassessedattheendofeachfinancial
year.Therehasbeennochangeinthepolicyrelating
totheuseofinfrastructure,plantandequipment.
EXECUTIVE COMMITTEE
Duringtheperiodunderreview,theexecutivecommittee
wascomposedasfollows:
• DavidLewis,chairperson
• YasminCarrim,full-timeTribunalmember
• JaneendeKlerk,headofcorporateservices
• LeratoMotaung,registrar
• RietsieBadenhorst,headofresearch
Theexecutivecommitteecontinuestoberesponsiblefor
thedevelopmentand formulationofastrategicpolicy
framework,performance strategies,andgoals for the
operational management and administration of the
Tribunal.
The committee’s main finance-related responsibility
is to ensure that services are rendered efficiently
and economically within the framework of existing
operational policies andwithin the Tribunal’s budget,
and in accordancewith a three-year rolling strategic
plan.
The committeemet on ten occasions during the year
underreview.
NUMBER OF EMPLOYEES
At year-end the Tribunal’s personnel complement
consisted of three full-time members and 14 staff
members.
FRUITLESS AND WASTEFUL EXPENDITURE
AnamountofR500isreflectedasfruitlessandwasteful
expenditure in thecurrentfinancialyear. This reflects
the amount of a fine received from the Tshwane
municipalityforthelatepaymentoftheTribunal’sannual
vehicle licence. After investigation itwas concluded
thatnoemployeewasliableandaccordinglynofurther
actionwas taken.Managementundertakes toguard
against fruitless expenditureof this nature recurring in
thefuture.
MANAGEMENT FEE PAID TO THE COMPETITION COMMISSION
TheCommissionand theTribunalsharepremisesand
certainservices.Intermsofamemorandumofagreement
(MOA)signedbetweenthetwoinstitutions,theTribunal
paysamonthlymanagementfeetotheCommissionfor
servicesrelatedtotheuseofthesepremises.
10 1110 11
Themanagementfeefortheperiodunderreviewwas
R40,�07permonth.TheMOAandthemanagement
feearereviewedannually.
No change has occurred in the nature of the billing
received from the Commission for the year under
review.
MATERIALITY FRAMEWORK
The Tribunal determined a planning materiality figure
of R109, 000 for the current period in terms of a
materiality framework. A figure of 1% of revenue
(exclusive of government grants) and expenditure in
thepreviousfinancialyearwas takentorepresent the
materialityfigure.
Anylossorcomparablequantifiablefactthatexceeds
thefigureofR109,000mustbedisclosedintheannual
report and financial statements if the disclosure is
requiredbylawand/orifthefactcouldinfluencethe
decisionsoftheexecutiveauthorityorthelegislature.
Material losses of a quantitative nature must be
disclosed if they arose through criminal conduct or
throughirregular,fruitlessorwastefulexpenditure.
Material lossesofaqualitativenaturearising through
criminalconductmustalsobedisclosed.
Disposalofanysignificantassetmustbedisclosedifit
increasesordecreasestheoperationalfunctionsofthe
Tribunaloutsideitsapprovedstrategicplan.
OFFICE ADDRESS
The Tribunal’s registered offices are situated at:BuildingC(MulayoBuilding)
ThedtiCampus
77MeintjiesStreet
Sunnyside
Pretoria
The Tribunal’s postal address is:PrivateBagX�4
Sunnyside
01��
Pretoria
Website address: www.comptrib.co.za
Email address: ctsa@comptrib.co.za
Telephone: 01��94��00
Fax: 01��940169
David Lewis (chairperson)29 May 2009
1� 1�1� 1�
Members and Secretariat
DavidLewis
YasminCarrim
MarumoMoerane
LawrenceReyburn
UrmilaBhoola
MbuyiseliMadlanga
MediMokuena
MerleHolden
NicolaTheron ThandiOrleyn NormanManoim
1� 1�1� 1�
THE COMPETITION TRIBUNAL’S MEMBERS
In terms of the Competition Act the President, acting
on the recommendation of theMinister of Trade and
Industry, appoints Tribunal members for a five-year
term.
AttheendofthefinancialyeartheTribunalconsistedof
threefull-timemembers(includingthechairperson)and
eightpart-timemembers.
Thechairpersonappointsadjudicativepanelsconsisting
ofthreeTribunalmembersforeachhearing.
AsstipulatedbytheAct,themembersoftheTribunalare
SouthAfricancitizensrepresentingabroadcross-section
ofthecountry’spopulation.Allhavequalificationsand
experience ineconomics, law,commerce, industryor
publicaffairs.
Currentlyeightmembershavealegalbackgroundand
threeareeconomists.
Twoofthefull-timemembersserveasexecutivemembers
oftheTribunal.
Members of the Competition Tribunal
ChairpersonDavidLewis(BCom,MA)
Deputy Chairperson (part-time)MarumoMoerane(BSc,BCom,LLB)
Full-time membersYasminCarrim(BSc,LLB)
NormanManoim(BA,LLB)
Part-time membersUrmilaBhoola(BAHons,LLB,LLM)
MerleHolden(BComHons,MA,PhD)
MbuyiseliMadlanga(BJuris,LLB,LLM)
MediMokuena(DipJuris,LLB,LLM)
ThandiOrleyn(BJuris,BProc,LLB,honoraryPhD)
LawrenceReyburn(BSc,LLB)
NicolaTheron(BComHons,MCom,PhD)
Training of Tribunal members
Every year the Tribunal provides members with
opportunities to interact with their international
counterpartsandshareexperiencesthroughattendance
at international conferences and participation in
internationalcompetitionbodies.
Full-time Tribunalmembers represented the Tribunal at
sevenoverseasconferences,andthreepart-timemembers
attendedtheannualanti-trustconferencehostedbythe
FordhamInstituteinNewYorkinSeptember�008.
AninternalworkshopforTribunalmembers, facilitated
by Prof. R. Whish, a competition policy expert from
KingsCollegeinLondon,andAdv.M.Chaskalson,a
SouthAfricanexpertinadministrativeandconstitutional
law,washeldinMarch�009.
Prof.Whishledadiscussionontherecentlypublished
EuropeanCommission’s(EC’s)policystatementonArticle
8�and the EC’s jurisprudenceondominance. Adv.
Chaskalson facilitated a session on how the Tribunal
couldeffectivelydealwithconductamountingtoabuse
of procedure which often delays matters before the
Tribunal.
This workshop provided Tribunal members with
opportunitiestoreviewrecentSouthAfricandecisionsin
thelightofcomparableinternationaljurisprudenceand
to discuss comparable developments in competition
lawintheUnitedStatesofAmericaandtheEuropean
Union.
Full-timemembersagaindeliveredlecturesonaregular
basistotheUniversityoftheWitwatersrand,including
lecturesto:
• LLBstudents
• post-graduatestudentsincompetitionlaw,
14 1514 15
broadcastingandtelecommunications
• studentsparticipatinginselectedcertificatecourses
offeredbythebusinessschooloftheUniversityof
theWitwatersrand.
Inaddition,Tribunalmemberspresentedeightpapersat
variousconferences,seminarsandworkshops.
During the period under review the chairperson,
DavidLewis,servedfirstasvice-chairmanoftheICN,
thenaschairmanof thesteeringgroup. TheTribunal
furthercontinuedtomaintain itsactiveparticipationin
internationalcompetitionmattersthroughmembershipof
theOECD’sCompetitionCommittee,involvementinthe
OECD’sglobal forumoncompetition lawandpolicy,
andcontributionstotheworkinggroupsoftheICN.
TheICNprovidesdevelopedanddevelopingcountries
withaplatformtoaddresspracticalcompetitionpolicy
and enforcement issues while the OECD Committee
deals with contemporary issues in competition law.
Full-timemembershaverepresentedtheTribunalatthis
committee’stri-annualmeetings.
THE TRIBUNAL SECRETARIAT
The Tribunal’s secretariat structure consists of three
departments,namely research, registryandcorporate
services.Thesedepartmentsareheadedbymanagers
who report directly to the chairperson and assist
him in his role as chief executive officer. The same
groupof officials is also responsible for certainother
managerialandadministrativetasks.Certainexecutive
functionshavebeendelegatedtotheothertwofull-time
members.
The chairperson’s active involvement in the day-to-
daymanagementof theTribunal isconsistentwithhis
responsibilityastheTribunal’saccountingauthorityand
withhispowersintermsoftheCompetitionAct.
A secretariatcomplementof14provides theTribunal
with support services in the form of administrative,
registry,logistics,researchandfinancialmanagement.
The Tribunal’s Rules set out the required registry and
administrativefunctionsoftheTribunal.
While the current secretariat is large enough to deal
with the Tribunal’s administrative functions and case-
load, the Tribunal’s current information technology
requirements and proposed future developments are
suchthattheTribunalhasfounditnecessarytocreate
aninformationtechnologypost,tobefilledinthenext
financialyear.Todatethissupporthasbeenprovided
bytheCommission’sinformationtechnologystaff.
Thefollowingpersonnelchangestookplaceduringthe
year:
• thevacantcasemanagerpositionwasfilledin
April�008.
• thedriver/courtorderlyresignedinJuly�008and
thevacantpositionwasfilledinJanuary�009.
• thevacantfinancialadministratorpositionwas
filledinMay�008.
• thevacantexecutiveassistantpositionwasfilledin
May�008.
• twocasemanagersappointedforathreeyear
contractperiodacceptedfull-timepositionsin
September�008.
Departmental heads RietsieBadenhorst(research)
JaneendeKlerk(corporateservices)
LeratoMotaung(registry)
Case managersRomeoKariga
JabulaniNgobeni
LondiweXaba
IpelengSelaledi(appointedApril�008)
RegistryTebogoMputle,registryadministrator
DavidTefu,registryclerk
JerryRamatlo,courtorderly/driver(resignedJuly
�008)
AbigailMashigo-driver/registryassistant(appointed
January�009)
14 1514 15
Corporate ServicesDonaldPhiri,financeandhumanresourceassistant
GladnessMoorosi,financialadministrator(appointed
May�008)
LufunoRamaru,officemanager
LethaboMonyeki,executiveassistant
(appointedMay�008)
1.D.Tefu�.R.Badenhorst�.L.Xaba4.I.Selaledi
5.R.Kariga6.D.Lewis7.A.Mashigo8.J.Ngobeni
9.Y.Carrim10.N.Manoim11.T.Mputle1�.G.Moorosi
1�.L.Motaung14.L.Ramaru15.J.DeKlerk16.L.Monyeki
1. �.
�.10.
9.
4.11.
5.6.
1�. 1�. 14.
7. 8.
15. 16.
16
In managing its activities the Tribunal applies best
practiceprinciplesandstrivestoachievetransparency,
accountability,efficientmanagementandoptimaluseof
itsresourcesbyapplyingprinciplesofgoodcorporate
governance. Compliance with legislation and with
corporate governance principles is monitored by the
Tribunal’sexecutiveandauditcommittees.TheTribunal
submits quarterly reports on governance issues to the
DepartmentofTradeandIndustry(thedti).
AUDIT COMMITTEE
The audit committee, established in March �000,
currently consists of two executive members and four
non-executivemembers.Atyear-enditwasconstituted
asfollows:
Executive members:DavidLewis
JaneendeKlerk
Non-executive members:NonkuTshombe-chairpersonfromJune�007-term
expired�1July�008
JeffRapoo-chairpersonfromJuly�008
MaleshiniNaidoo-appointedSeptember�007
JocelynArmstrong-resigned11March�009
HermandeJager-appointedSeptember�008
VictorNondabula-appointedSeptember�008
Thecommitteemetfivetimesintheyearunderreview.
Attendance by and fees paid to audit committee
membersduring theyearwereassetout in the table
below:
MemberMeetings attended
Fees received
NTshombe 2 -
JArmstrong 1 3016
JRapoo 5 18984
MNaidoo 5 15080
HdeJager 2 6032
VNondabula 2 6032
DLewis 2 -
JdeKlerk 5 -
The committee’s functions are specified in an audit
committeecharter,whichwasrevisedandadoptedin
November �007, and guidance for the agendas of
meetingsisprovidedbyacompliancechecklist.
The committee has supervisory responsibilities with
regard to internal controls, risk management, and
compliancewith lawsand regulations,ethicalnorms,
andgoodfinancialmanagementprinciples.
TheauditcommitteehasreviewedtheTribunal’squarterly
internalauditreports,internalandexternalauditplans,
andtheannualreportandfinancialstatementsfor the
yearending�1March�009.
EXECUTIVE COMMITTEE
The composition of and objectives of the executive
committeeandareviewofitsactivitiesduringtheyear
underreviewaresetoutonpage10ofthisreport.
Tenmeetingsof the committeewere held in the year
underreviewandwereattendedbyallthemembers.
Corporate Governance
17
THE COMPETITION ACT
Thefunctions,powers,activitiesandproceduresofthe
TribunalareprescribedbytheActandtheRulesofthe
Tribunal.Proceduresareperiodicallyreviewedtoensure
compliancewiththerequirementsoflegislationandto
ensurethattheTribunal’sworkproceedseffectivelyand
efficiently.
TheRegistryprovidesthedtiwithquarterlyreportswhich
detailturnaroundtimesandtargetsintermsofset-down
andthepublicationofdecisionsandorders.
THE PUBLIC FINANCE MANAGEMENT ACT (PFMA)
TheTribunalhasbeenlistedasanationalpublicentity
inSchedule�AofthePFMAsince1April�001.The
PFMA prescribes requirements for accountable and
transparentfinancialmanagement.
InaccordancewiththePFMAandTreasuryregulations,
the Tribunal has, during the period under review,
submitted the following documents to the dti for
approval:
• Memorandumofagreementwiththedti(finalizedin
October�008)
• Strategic plan for the period 1 April �008 –
�1March�011(submittedon�1October�007
andapproved�0June�008)
• Budgetfortheperiod1April�008–�1March�009
(submittedon�1October�007andapproved�0
June�008)
• Business plan for the period 1 April �008 –
�1March�009(submittedon�1October�007
andapproved�0June�008)
• Request forapproval to retain surplusesgenerated
asat�1March�008(submittedon�0May�008
andapproved19June�008)
• Quarterly reports on the Tribunal’s expenditure,
budgetvariance,activitiesandperformanceagainst
settargets
• Strategic plan for the three-year period �009 –
�014(submittedon�0November�008andstill
awaitingapproval)
• Budget for the �009/�010 financial year and
five-yearbudgetto�1March�01�(submittedon
�0November�008andstillawaitingapproval)
• Business plan for the period 1 April �009 –
�1March�010(submittedon�0November�008
andstillawaitingapproval).
INTERNAL AUDITS
The firm Osman Moosa and Associates (OMA) was
awardedathree-yearcontractinMay�006toperform
theinternalauditingfunction.
In its internal audit charter OMA defines its mission
as being ’to provide an innovative, responsive and
effectivevalue-addedinternalauditfunctionbyassisting
managementincontrollingrisks,monitoringcompliance
andimprovingtheefficiencyandeffectivenessofinternal
controlsystems’.
Intheyearunderreview,OMAundertookinternalaudits
ofthefollowingprocesses:
• Humanresourcesandpayroll-August�008
• Financialreporting-October�008
• Cashmanagement-November�008
Compliance with Legislation
18
• Expendituremanagement-January�009
• Informationtechnology-February�009
• Performancemanagement-February�009
In addition to these internal audit processes, OMA
assistedmanagementwithafraudriskassessment.The
followingtypesoffraudriskwereassessed:
• intentionalmanipulationoffinancialstatements
• employeefraud
• corruptionandbribery
• otherfinancialfraud.
Residualriskwasdeterminedoncetheanti-fraudcontrols
in place had been identified. Recommendations for
improvement in the control environment were made
wherenecessary.
Management subsequently incorporated certain
identifiedfraudrisksintheoverallriskframework,which
ismonitoredandmanagedbytheriskcommitteeona
quarterlybasis.
During internalaudits theadequacyandeffectiveness
of controls relating to the specific audit activity were
assessed by audit reviews and testing, thus ensuring
thatmanagement’scontrolstrategiesareconsistentwith
theinstitution’sactivitiesandobjectives.
Theauditproceduresarealsodesignedtoassesswhether
implemented controlsareadequate inmitigating risk,
andeffectiveinmitigatingrisks.
Overall compliance with policies and procedures is
alsoassessed.
Appropriate line management responsibility and
ownership is assigned for each reported deficiency,
thus ensuring the timely and effective implementation
of corrective action. In each subsequent audit the
corrective action taken bymanagement pertaining to
internalauditfindingsisevaluatedintermsofadequacy
andeffectiveness.
Aninternalauditcharterisinplaceandwasrevisedin
September�008.
EXTERNAL AUDIT
The office of the Auditor-General South Africa has
completed the external audit for the period ending
�1March�009.
STATUTORY REQUIREMENTS
TheTribunalhasregisteredforandmetitsobligationsin
respectofthefollowingleviesandtaxes:
• skillsdevelopmentlevy
• workmen’scompensation
• unemploymentinsurancefund(UIF)
• pay-as-you-earn(PAYE)
In termsofSection�4(1)of theValue-AddedTaxAct
1991,whichgoverns the levyingof value-added tax
(VAT), the TribunalwasderegisteredasaVATvendor
witheffectfrom1April�005.
InOctober�005, theSouthAfricanRevenueService
exemptedtheTribunalfromSection10(1)(cA)(i)ofthe
IncomeTaxAct,196�.
STAFF MEETINGS
The Tribunal employee’s forum (TEF) comprises non-
executivestaffmembersandaimstoprovideanopen,
democraticchannel throughwhichstaffmemberscan
raiselegitimateconcernsonissuesaffectingthem.
SevenTEFmeetingswereheldinthecourseoftheyear
under review. Issues raised and discussed included
performancereviews,annualsalaryincreases,internal
policyamendments, the Tribunal’s social responsibility
programmeandemployeeassistanceprogrammes.
The TEF and representatives of management meet
when it is necessary toaddress specific issues. Two
jointmeetingsofthiskindwereheldintheyearunder
review.TheTEFwasrepresentedbyMrJNgobeniand
MrDTefu,whilemanagementwasrepresentedbyMr
DLewisandMsJdeKlerk.
19
STAFF COMPOSITION
Atthebeginningoftheyearunderreview,theTribunal’s
staffcomplementconsistedof11full-timestaffmembers.
Thethreevacantpositionswerefilledduringtheperiod
underreviewandtheTribunalendedthefinancialyear
with a full staff complement. Ten of the current staff
membersarefemale,1�areblackandtwoarewhite.
Sixstaffmembershaveabachelor’sdegreeorhigher
qualification.
TRAINING AND DEVELOPMENT
The Tribunal recognises that its employees are its
most important resource for ensuring the long-term
sustainability of the organisation and is committed
to cultivating and nurturing a stable environment that
is conducive to attracting, retaining and developing
competentprofessionalemployees.Employeesof the
Tribunalhavethereforebeenprovidedwithopportunities
forpersonaldevelopmentandfurthereducation.
Traininganddevelopmentprogrammesprovidedinthe
year under review took the formof in-house training,
externalcourses,workshopsandconferences(national
andinternational).Duringthisperiod,atotalof107,5
person-daysweredevotedtothetrainingofmembersof
thesecretariat,excludingTribunalmembersandAppeal
Court judges. This represents an average of 6, 71
trainingdaysperperson.
Case managers attended the following workshops,
conferences and seminars during the year under
review:
• ICN cartel workshop held in Portugal in October
�008 (one case manager and the registry
administratorattended)
• ConferenceonCompetitionLaw,Economics,Policy
and Development in South Africa hosted by the
Commission,theTribunalandtheLawSchoolofthe
UniversityoftheWitwatersrandinJohannesburgin
June�008 (attendedby four casemanagersand
theregistryadministrator)
• ECsummerschoolcompetitionlawcoursepresented
inLondon inAugust�008(attendedbyonecase
manager)
• Federal Trade Commission workshop held in
WashingtoninMarch�009(attendedbyonecase
manager)
• CompetitionAmendmentBillworkshophostedbythe
LawSchooloftheUniversityoftheWitwatersrandin
June�008(attendedbytwocasemanagers)
• theTribunal’sinternalworkshopheldinJohannesburg
inMarch�009(attendedbyfourcasemanagers)
Staffmembersalsoattendedthefollowing:
• fraudawarenessworkshoppresentedinMay�008
(14staffmembersattended)
• business writing for professionals, presented in
August�008(twostaffmembersattended)
• reportwritingforseniorexecutives,aworkshopheld
inOctober�008(onestaffmemberattended)
• publicsectorfinancemanagementsymposiumheld
inNovember�008(twostaffmembersattended)
• PFMArefreshercourseheldinDecember�008(two
staffmembersattended)
• financefornon–financialmanagerscoursepresented
inDecember�008(twostaffmembersattended)
• occupationalhealthandsafetycoursepresentedin
November�008(twostaffmembersattended)
• GRAP training workshop hosted by the National
Treasury in December �008 (two staff members
attended)
Human Resource Development
�0
A team-building workshop held in October �008
wasattendedby threefull-timemembersand11staff
members.
Eightstaffmembersattendedvariouscomputertraining
courses and three corporate service staff members
attendedvariouspayrollandpastelcoursestoenhance
their effective use of these software packages as
managementreportingtools.
Two staff members representing the executive and
pension fund members as trustees on the board of
management of the Tribunal’s pension fund attended
two courses dealing with risk management and the
interpretationoffinancialstatements.
Theheadofresearchandacasemanagerparticipated
intwoICNworkinggroupsonunilateralconductand
mergers.
TheTribunalcontinues toencourage staffmembers to
undertake further education and training through the
Tribunal’sbursaryandstudyloanscheme,thusproviding
them with career advancement opportunities through
generaleducationalandvocationaltrainingcourses.
The maximum study loan granted to staff members
is R8, 000 per year. Once confirmation is received
that students have passed, their loans are converted
into bursaries. By special decision of the executive
committeeloansinexcessofR8,000canbegranted.
During the year under review, study loans totalling
R�6,1�0.80wereawardedtosixstaffmembers,and
study loans totalling R�6, 078 were converted into
bursaries.
PERFORMANCE MANAGEMENT SYSTEM
The aim of the Tribunal’s performance management
policy is to develop,manage, evaluate, and reward
individual performance in order to contribute to
the achievement of the Tribunal’s overall goals and
objectives.
TheTribunal’sstrategicobjectivesarealignedwiththe
performanceofindividualsandperformanceismanaged
inamannerdesignedtofacilitate theachievementof
theseobjectivesandtoensurethatemployeesaregiven
opportunitiesforself-development.
�1
The policy provides for bi-annual assessments by
the relevant divisional manager and the Tribunal’s
chairperson.
The system assists the Tribunal to meet its statutory
commitmentsandsimultaneouslypromotesaclimatein
whichstaffmembersaremotivatedandtheircommitment
to serviceexcellence isenhanced. Thedevelopment
needsof staffmembersare identifiedandaddressed
duringthisprocess.Inaddition,salaryincreasesand
anybonusesawardedarelinkedtotheoutcomeofthe
appraisals.
THE TRIBUNAL’S SOCIAL RESPONSIBILITY ROLE
TheTribunal’ssocialresponsibilityprogrammesupports
non-profitorganisationswithoutregardtorace,gender,
disability,religion,ethnicity,ageorsexualorientation.
In the last financial year the social responsibility
committeewasinvolvedinseveraleventsinandaround
theTshwaneMunicipalityarea.
In May �008, the social responsibility committee
collected donations from staff and distributed clothes
and perishables to the Gift of the Givers. The Gift
of the Givers Foundation is the largest disaster relief
organisationofAfricanoriginontheAfricancontinent.
One of the social responsibility committee members
discovered Mohau Centre at Kalafong Hospital, a
centre for children abandoned or orphaned because
theyareHIVpositiveor theirparentshavediedasa
resultofAIDS.Thestaffmadecontributionsanddonated
groceriesandclothestothecentreinOctober�008.
Whilethetribunaldonatedredundentcomputerstothe
centreforuseintheirmediacentre.
InDecember�008,thesocialresponsibilitycommittee
collected donations and distributed groceries and
stationeries toTshwaneHomeofHope.TheTshwane
Home of Hope is a shelter for young teenage girls
situatedincloseproximitytotheTribunal’soffice.
�� ���� ��
For the 1�-month period ending �1 March �009
the budget reflected expenditure (inclusive of capital
expenditure)ofR�0,�5millionandrevenue(generated
from filing fees, interest and a dti grant) of R16, 55
million.
RevenuefortheyearamountingtoR�0,6millionwas
madeupasfollows:
CategoryAmountR million
%2009
%2008
%2007
Governmentgrants
9,91 48.10 44.54 47.73
Filingfees 8,82 42.82 47.70 48.62
Otherincome 1,87 9.08 7.76 3.66
Total income 20,6 100 100 100
Thegrantreceivedfromthedti increasedby14.�9%
fromthepreviousyearandaccountedfor48.10%ofthe
Tribunal’srevenuefortheyearunderreview.Filingfees
receivedintermsofthememorandumofunderstanding
with the Commission decreased by 5.06% from
the previous year and accounted for 4�.8�% of the
Tribunal’srevenue.
Asaresultoftheimplementationofthresholdchanges
(effective 1 April �009) the Tribunal anticipates that
filingfeesreceivedwilldecreaseandwillformamuch
smallercomponentoftheTribunal’srevenue.TheTribunal
willthereforecontinuetorequestTreasury’sapprovalto
accumulatesurplusesgeneratedandwillrequestlarger
grantsfromboththedtiandTreasury.
Total expenditure (net of capital expenditure) for the
periodincreasedby14.04%fromR15,4�millionto
R17,59million.
The table below illustrates the nature of expenditure
incurredbytheTribunalandthepercentagechangein
eachcategoryintheyearunderreview.
ExpenditureCategory
%2009
%2008
%change
Personnel 53.40 50.19 21.33
Administrative 17.99 17.07 20.20
Training 7.42 9.30 -8.93
Professionalservices 18.99 21.86 -0.93
Otheroperatingexpenses 2.20 1.58 57.80
Total expenditure 100 100 14.04
Professional services expenditure includes paymentsto the Commission in terms of the memorandum ofunderstandingreachedwith theTribunal, feespaid topart-timeTribunalmembersforparticipationinhearings,transcription services, legal fees, public relations andfinance-relatedconsultingservices.
The table below sets out the contribution of eachcategorytothe14.04%increaseintotalexpenditure.
Expenditure category Percentage
Personnel 76.27
Administrative 24.56
Training -5.91
Professionalservices -1.44
Otheroperatingexpenses 6.52
Total 100
Financial Management
�� ���� ��
Theincreaseinthesalariesoffull-timeTribunalmembersreferred to in the chairperson’s report on page 10
accounts for �6.�0% of the increase in personnel
expenditure.
The total salaries paid to staff members comprising
thesecretariatincreasedby�6.69%.Thisincreaseis
primarilytheresultofanannualcostoflivingadjustment
applied in July�008andadjustmentsmade inApril
�008,followingabenchmarkingexercise.
Personalexpenditureincreasedby�1.��%duringthe
periodunderreview.
The table below illustrates the percentage change
in each category of personnel expenditure and also
reflectsthecategory’scontributiontothetotalincrease.
Category%
changeContribution to change
Full-timeTribunalmembers 15.78 36.30
Otherstaff 26.68 63.70
Total 100
Duringtheperiodunderreviewtherewasaninsignificant
decrease inexpenditureonprofessionalservices. As
indicatedearlierthislineitemincludesthefeespaidto
part-timememberssittingonpanelsconvened tohear
mattersbroughtbeforetheTribunal.
Part-timememberssittingonapanelarepaidadaily
feeofR7000.00forthedurationofthehearingand
for allocated preparation days. In the period under
reviewpart-timememberswerepaidforatotalof194
days,whereasinthepreviousyearthisfigurewas�08.
Thereareeightpart-timememberswhowereeachpaid
foranaverageof�4.�5days.
The Tribunal heard 140 matters over 1�6.5 days,
whereas in thepreviousyear theTribunalheard146
casesover118days. This representsadecreaseof
4.11%inthevolumeofcasesanda7.�0%increase
inthenumberofhearingdays.Theaveragenumberof
daysperhearingintheperiodunderreviewwas1.07
days,comparedto0.81daysinthepreviousyear.
Whiletheadjustmentinoperatingexpenses(anincrease
of57.80%)appearstobelarge,thepercentagespenton
thislineitemrepresentsonly�.19%oftotalexpenditure
andtheactualchangeisthereforeinsignificant.
TheTribunal’sabilitytobudgetaccuratelyislimitedby
itsinabilitytopredictthenumberofcasesthatwillbe
heardinanyyear.
InitsinitialyearsofoperationtheTribunalexperienced
large budget variances, but over the past few years
actualexpenditurehasbeenmorecloselyequated to
thebudget.
A contingency budget for professional services is
necessaryastherewillalwaysbeuncertaintyaboutthe
needfortheTribunaltoemploycounseltodefendits
decisionsshouldtheybetakenonrevieworappeal.
YearActual expenditure
(in R million)Budget
(in R million)%
of budget spent
2000 4,29 9,12 47.03
2001 6,35 9,08 69.93
2002 6,37 9,13 69.76
2003 7,36 9,33 78.88
2004 9,08 10,44 86.97
2005 9,25 11,54 80.15
2006 10,64 12,41 85.23
2007 13,22 15,81 83.62
2008 15,56 16,60 93.73
2009 17.71 20.35 87.03
�4
The �75 reports about the Tribunal, its work, cases
heardanddecisionspublishedinthemediamonitored
bytheTribunalaretestimonytothefactthatthepublic
continues to remain informed about the competition
systemandtheTribunal’sfunctions.
Themediacoverageincludessomeinformedappraisals
of competition policy and the competition system
generally.
Further information on the Tribunal’s activities and
decisionsisavailableontheTribunal’swebsite(www.
comptrib.co.za), where all decisions and statements
releasedbytheTribunalarepublished.
In theyearunder review118decisionswereposted
onthewebsite.
Communicating the work of the Tribunal
Through thewebsite interestedpartieshaveaccess to
other competition-related sites, the Act, the rules and
officialforms.
Full-time members and case managers are frequently
askedtopresentuniversitycoursesoncompetitionlaw
and policy papers and/or participate in local and
international conferences, meetings and seminars.
These interactions serve to further communicate the
workoftheTribunal.
The Tribunal produces an internal newsletter which
includesbriefarticleson topical issues in competition
regulation, and its distribution ensures that Tribunal
members and other stakeholders remain informed on
mattersrelatingtocompetitionand,inparticular,cases
heardby the Tribunal. Three volumeswereproduced
duringtheperiodunderreview.
�5
REPORT ON OUTPUT TARGETS FOR THE PERIOD 1 APRIL 2008 TO 31 MARCH 2009
Output targets in accordance with the approved
businessplanof theCompetitionTribunal for theyear
ending�1March�009.
Mandate:Topromoteandmaintaincompetitioninthe
economyandtoensurecompliancewiththeprovision
oftheCompetitionAct(No.89of1998).
Performance Indicators
�6 �7�6 �7
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t/co
nduc
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cha
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licy-
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ion
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ompe
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rs
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ecifi
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fere
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esea
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ups/
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m
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tern
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dica
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Targ
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r(1
Apr
il 20
08 to
31
Mar
ch 2
009)
Re
ason
s fo
r de
viat
ion
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orre
ctiv
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an
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Larg
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ters
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atte
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bite
d•
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with
draw
n•
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pen
ding
•N
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ford
ers
issue
d
•
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rord
er
issue
d•
No
of“
dorm
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ters
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ting
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rand
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102
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ap
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ous
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nil
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eard
)•
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ting
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ons)
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oma
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riod)
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oma
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riod)
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ree
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ecify
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hen
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ters
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cht
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ctiv
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Trib
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tern
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ith
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man
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Targ
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arte
r(1
Apr
il 20
08 to
31
Mar
ch 2
009)
Re
ason
s fo
r de
viat
ion
& C
orre
ctiv
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Enforcement and Compliance
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ten
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ters
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ays
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este
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hen
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ith
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ene
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ulat
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gent
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plex
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ters
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iorit
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erge
r•
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ters
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roll
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iod
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ewm
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ed•
No.
hea
rd
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o.a
ppro
ved
•N
o.p
rohi
bite
d•
No.
with
draw
n•
No.
pen
ding
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o.o
ford
ers
issue
d•
No.
ofr
easo
nsfo
rord
er
issue
d
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ting
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llto
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l•
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Cat
egor
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ityO
utpu
tPe
rfor
man
ce in
dica
tor
Targ
et s
tatu
s fo
r th
e qu
arte
r(1
Apr
il 20
08 to
31
Mar
ch 2
009)
Re
ason
s fo
r de
viat
ion
& C
orre
ctiv
e A
ctio
n Pl
an
Enforcement and Compliance
Turn
arou
ndti
mes
–in
term
edia
te
mer
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Pr
e-he
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tdow
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ithin
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notifi
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Ord
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in
ten
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ith
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nem
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nce
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the
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er
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ictiv
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mpl
aint
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l
Refe
rred
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n•
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ters
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roll
from
a
prev
ious
per
iod
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o.n
ewre
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ls
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o.h
eard
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fcon
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ers
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ted
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o.o
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sent
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dern
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rant
ed•
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rere
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nted
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fcas
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ed(n
ore
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)•
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l
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tly
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ters
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Cat
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tPe
rfor
man
ce in
dica
tor
Targ
et s
tatu
s fo
r th
e qu
arte
r(1
Apr
il 20
08 to
31
Mar
ch 2
009)
Re
ason
s fo
r de
viat
ion
& C
orre
ctiv
e A
ctio
n Pl
an
Enforcement and Compliance
Turn
arou
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mes
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ompl
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mC
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in
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om
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r)
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ese
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and
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ure
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aila
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ses
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ting
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ter
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aint
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ther
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ictiv
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ompl
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eco
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aina
nt•
Mat
ters
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ap
revi
ous
perio
d•
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ters
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rred
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eard
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e(m
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The
Trib
unal
will
nee
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dev
elop
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erna
lru
les
tod
ealt
with
“do
rman
t”m
atte
rs
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Cat
egor
yA
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ityO
utpu
tPe
rfor
man
ce in
dica
tor
Targ
et s
tatu
s fo
r th
e qu
arte
r(1
Apr
il 20
08 to
31
Mar
ch 2
009)
Re
ason
s fo
r de
viat
ion
& C
orre
ctiv
e A
ctio
n Pl
an
Enforcement and Compliance
Turn
arou
ndti
mes
–c
ompl
aint
re
ferra
lfro
mth
eco
mpl
aina
ntPr
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ring
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in2
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ess
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ters
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erre
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ere
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ithin
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me
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ere
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d
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ese
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etsa
rese
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the
Trib
unal
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rnal
ly
and
are
nota
targ
ets
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les
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elay
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ura
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re
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ure
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ther
efor
eth
epa
rties
co
ncer
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irem
ore
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dav
aila
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ses
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ting
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mat
ter
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ictiv
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actic
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–In
terim
relie
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ses
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atte
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llfro
ma
pr
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erio
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atte
rsre
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ed•
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ofm
atte
rsh
eard
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o.o
fcas
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ree
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Turn
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era
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in
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ters
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ere
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les
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ure
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ther
efor
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rties
co
ncer
ned
requ
irem
ore
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The
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ses
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�6 �7�6 �7
IntheyearunderreviewtheTribunalheard140cases,
withwrittenreasonsbeingissuedin111matters.
Type of caseNumber heard
Reasons issued
Largemerger 102 97
Procedural 23 10
Intermediatemerger 2 2
ComplaintreferralfromtheCommission
12 2
Complaintreferralfromacomplainant
1 0
Interimrelief 0 0
Total heard 140 111
LARGE MERGERS
The annual turnover and net asset value of merging
parties are used to determine whether the mergers
should be classified ’large’, ’intermediate’ or ’small’.
The thresholds for these classifications are set by the
MinisterofTradeandIndustryandhavestatutoryforce
undertheAct.
AsrequiredbytheAct,theTribunalconsidersalllarge
mergersthathaveaneconomiceffectwithintheRepublic
ofSouthAfrica.
Afterconsideration,theTribunalcan
• approvethemergertransactionunconditionally;
• approvethetransactionwithconditions;or
• prohibitthetransaction.
Ahistoricanalysisof largemerger transactionsheard
and ruled on by the Tribunal is set out in the table
below:
Year Total decisionsApproved without
conditionsApproved with
conditionsProhibited
1999/2000 14 14 0 0
2000/2001 35 29 4 2
2001/2002 42 38 3 1
2002/2003 62 57 4 1
2003/2004 60 51 9 0
2004/2005 62 55 7 0
2005/2006 100 86 12 2
2006/2007 85 79 5 1
2007/2008 98 89 8 1
2008/2009 102 98 4 0
Total 660 596 56 8
Cases before the Competition Tribunal
�6 �7�6 �7
Since its inception, the Tribunal has ruled on 660
mergers, of which 90.0�% have been approved
withoutconditions.Thisrepresentsanaverageof66
mergerdecisionsperyear.
The Tribunal had117mergers on its roll in the year
underreview.Ofthese,104werenewmattersreceived
duringtheyearand1�werematterswhichhadbeen
receivedinthepreviousperiod.
Ofthe1�mattersreceivedinthepreviousperiod,five
wereawaitinghearings,sevenwereawaitingreasons
andonematterwasawaitinganorderandreason.
Atotalof10�matterswereheard(fourfromaprevious
period) and twowerewithdrawn (one before itwas
heard and one following a pre-hearing). Of the
mergersheard,98wereunconditionallyapprovedand
fourwereapprovedsubjecttoconditions.
A total of 97 reasons were issued. 90 were issued
in respectof the10�matters heardand sevenwere
issuedformattersheardinapreviousperiod.
Attheendoftheperiodtherewere18mattersonthe
roll.Sixwerestill tobeheardand1�wereawaiting
thewritingofthedecisions.
A detailed list of large merger cases is set out in
AppendixA.
TURNAROUND TIMES IN LARGE MERGER PROCEEDINGS
Tribunal Rule �5 (1) specifies that the registrar is
requiredtosetdownamatterwithintenbusinessdays
ofthefilingofthemergerreferral,oralternativelyapre-
hearingconferencemustbeheldwithinthatperiod.
However, there are instances where set down is
delayed. These delays occur if the parties are not
ready and request a postponement, or if insufficient
informationisprovidedandthepanelorpartiesrequest
additionalinformation.
Intheyearunderreview,81ofthe10�casesheard
(79.41%) were given hearings within the ten-day
period.
Orders were released in 10� cases, with all of
theseorders being releasedwithin tendaysafter the
hearing.
Written reasons were issued in a total of 97 cases.
Tribunal Rule �5 specifies that written reasons must
be providedwithin �0 days of issuing an order. In
51cases (5�.58%of the total) reasonswere issued
withinthis�0-dayperiod.Intheremaining46cases
(47.4�%ofthetotal)writtenreasonswereissuedafter
the�0-dayperiod.
A delay in the issuing of reasons can be caused by
variousfactors,themostofwhicharethatpriorityisgiven
toissuingreasonsinthecaseofmergersthathavebeen
conditionallyapprovedorprohibited.Whereaswhen
uncontested mergers are approved unconditionally
thereisnourgentneedforwrittenreasonswithinafixed
timeframe.
SMALL MERGERS
IntheperiodunderreviewtheTribunaldidnotreceive
anysmallmergercasesforconsideration.
INTERMEDIATE MERGERS
At the start of the year two intermediate merger
applicationswerealreadyontheroll;onewasawaiting
adecisionandthesecondwasstilltobeheard.Inthe
formercaseadecisionwasissued,andinthelattera
hearingwasheldandadecisionissued.Bothmatters
wereapproved.
Twonewapplications receivedduring the yearwere
stillawaitinghearingsatyearend.
A detailed list of intermediate cases is set out in
AppendixB.
�8 �9�8 �9
ANALYSING THE ACQUISITION OF A NON-CONTROLLING STAKE IN A SECONDARY TRANSACTION IN TERMS OF SECTION 12A
The Competition Appeal Court referred this
intermediate merger between Primedia, Capricorn
CapitalPartnersandNewAfrica Investmentsback to
theTribunalforreconsideration.Thereferral followed
areviewapplicationby the intervenorAfricanMedia
Entertainment(AME)totheappealcourt.AMEopposed
theTribunal’sapprovalof the transaction.TheAppeal
Courtinit’sdecisionsaidthat:
‘Once a merger exists, the Tribunal must focus its
enquiryintowhetherthemergerislikelytosubstantially
preventor lessen competition. Again thenatureand
scope of control which fourth respondent (Primedia)
could exercise over Kaya FM (a radio broadcaster
formingthetargetasset) isanimportantconsideration
in thispartof theenquiry. Butalone it is insufficient.
Themandatedenquiryhadtobeundertakenwithinthe
broadercontextofthemarketandthedynamicswithin
suchamarket.’
ThemergerinvolvedthedirectacquisitionbyCapricorn
CapitalPartnersandPrimediaofNewAfricaInvestments
of an indirect non-controlling stake in Kaya FM.
Competitive concerns existed since Primedia already
ownedotherradiobroadcasters.
IndrawingitsconclusionstheTribunalassumedthatin
itsjudgementtheAppealCourtmeanttosaythatcontrol
isnotaprerequisitetoconductingsubstantiveanalysis
ofsecondarytransactions,butthatitisimportantasa
factor in the analysis, becausewhere it is present, it
influencestheconductoftheanalysis.Onthisreading,
the relevance of control is that it answers ‘how’, not
‘whether’; the Tribunal conducts an enquiry under
section1�A.
After reconsidering the matter, the Tribunal again
approvedthetransactionwithoutconditions.TheTribunal
remainedoftheviewthatPrimediawouldnotbeable
tocontrolKayaFM,butwenton toexaminewhether
under a unilateral effects scenario the acquisition of
a non-controlling stake in a rival firm may have anti-
competitiveeffectsandwhether,underacoordinated
effects analysis, the acquisition would strengthen
existingcoordinationorincreasethelikelihoodthatthe
firmswouldcoordinate.
The Tribunal found that AME had not presented any
evidencetoshowthatPrimediacouldorhadconsidered
astrategytoraisepricesatHighveld,therebybenefiting
indirectly when revenue was diverted as a result to
Kaya,norhadtheintervenershownthattherewasharm
tocompetitionasaresultofcoordinatedeffects.The
Tribunalpointedoutthat:
’Inordertomakethecaseforco-ordinatedeffectsthe
evidenceneededtobestrongerthanthemereholding
ofaninterestinarivalandtherighttoappointadirector
toitsboard.Availableinformationcouldhavebeenled
tobuildthesefoundations,butneithertheCommission
norAMEdidso.Asaresult thetheoryisdependant
onmakinganumberofassumptionsallofwhichare
premisedonshakyfoundations.’
In a postscript to the decision on indirect mergers,the Tribunal expressed the view that, for competitionauthorities to exercise jurisdiction over a secondaryacquisition,itmustbeshownthattheacquiringfirmwilldirectly or indirectly acquire control over the subject-matterofthesecondaryacquisition.Intheabsenceofsuchashowing,noneedexiststoproceedtoexaminethesecondaryacquisitionintermsofsection1�A,eventhough economic theory suggests that there may be
instancesofanti-competitiveeffects.
�8 �9�8 �9
REVIEWING THE COMMISSION’S INTERMEDIATE MERGER DECISIONS
Inareviewapplication, thefirstof itskindbefore the
Tribunal, AC Whitcher, a rival bidder for the target,
sought to review a decision by the Commission to
approve an intermediate merger between MTO
Forestry,BoskorSaagmeuleandBoskorRipplant.The
primaryacquiringfirm,MTOForestry,isanintegrated
forestcompanywhichoperatesforestsandsawmillsin
theEasternandWesternorSouthernCaperegionsof
SouthAfrica.Thetargetcompaniesoperatesawmills
in the Tsitsikamma region in the EasternCape. Prior
tothemerger,theBoskorcompanieswerecollectively
MTOForestry’slargestcustomer.ACWhitcherbrought
the application after having raised objections to the
merger during theCommission’s investigation into the
transaction.
The Tribunal dismissed AC Whitcher’s application as
it was convinced that the Commission had come to
itsdecision toapprove the transaction ina reasoned
manner and had taken all reasonable steps to test
the theories of harm proposed by AC Whitcher and
otherobjectorsinthecourseofitsinvestigation.Italso
cautioned that, given the complex nature of merger
decisionsandthefactthattheCommissionexercisesits
discretionthroughdirectengagementwithissuesoffact,
lawandeconomics,’theTribunalwouldbeinclinedto
showahighdegreeofrespectforthedecisionsofthe
Commissionandwouldonlybe inclined to setaside
decisions of the Commission in circumstances of a
graveorpalpableerror’.
RESTRICTIVE PRACTICES
Complaint referrals from the CommissionIntheyearunderreview,theTribunalreceived1�new
complaint referrals from theCommissionandhad11
mattersontherollfromapreviosperiod.Nineofthese
werestilltobeheardwhiletwomattershadbeenheard
inpart.Duringtheyear1�matterswereheard,ofwhich
sixwerefromapreviousperiod.Eightconsentorders
weregranted,oneconsentorderwasnotgrantedand
reliefwasgrantedintheremainingmatter.Atyear-end
two matters had been withdrawn, one decision was
pending, one matter had been partly heard and ten
complaintreferralswerestilltobeheard.
Complaint referrals from a complainantThe Tribunal received eight new referrals from
complainants in the year under review, and had ten
mattersonitsrollfromapreviousperiod.Onereferral
fromapreviousperiodwaswithdrawn,andhearings
arestilltocontinueinonereferralheardinaprevious
period. At year-end 16 referrals were still awaiting
hearings.
Interim reliefTheTribunalreceivedonenewinterimreliefcaseand
hadthreeontherollfromapreviousperiod.Noneof
thesematterswasheardintheperiodunderreviewand
theywerethereforeallawaitinghearingsatyear-end.
Adetailedlistofrestrictivepracticecasesissetoutin
AppendixC.
40 41
DECISIONS ON PROCEDURE OR POINTS OF LAW
In the period under review, the Tribunal had �9
mattersof thisnatureon the roll. Of these,�9were
newapplicationsand tenwerematters received ina
previousperiod (fivepending reasonsandfivestill to
beheard).
�� (five from a previous period) were heard. Two
matterswerewithdrawn(onefollowingahearing),two
weresettledbythepartiesbeforeahearing.Orders
wereissuedin��matters(fivefromapreviousperiod)
and reasons were given in ten (five from a previous
period).
At the end of the year eight matters were still to be
heardandremainedontheroll.
The nature of these applications is described in the
tablebelow:
Nature of procedural matterNumber of applications
Applicationtostrikeout 1
Applicationtoreferback 1
Amendmentapplications 5
Applicationforcostsorder 2
Consolidationapplication 3
Discoveryapplication 4
Dismissalapplication 3
Exceptionnotice 2
Extensionapplications 2
Failuretonotify 1
Filingfeerefund 3
Interventionapplication 3
Pointsinlimine 3
Separationofissues 1
Subpoenachallenge 1
Reviewapplication 1
Stayapplication 2
Variationorder 1
TOTAL 39
INTERVENTIONS SHOULDNOT BURDEN MERGER
HEARINGS
On 9 December �008, the Tribunal allowed Allied
TechnologiesLtdlimitedrightstointerveneinaproposed
mergerbetweenMobileTelephoneNetworksHoldings,
awholly owned subsidiary of theMTNGroup, and
VerizonSouthAfrica.At the timeof issuing theorder
theTribunalreservedcostsasitwasoftheviewthatthe
awardingofcostswouldbepremature:
’untilthehearingofthemerger,itspromiseofitsutilityto
theproceedingscouldnotbetested,andhindsightmight
provethatthemergingparties’contentionthatAltech’s
interventionwasbasedon“vagueandunsubstantiated
theoriesofharm,”wascorrect.’
Then,on7January�009,adaybeforethedatesetfor
hearingandafter failing tocomplywith the timetable
agreedtoatthepre-hearingforthefilingofitswitness
statements, Altech informed the Tribunal that it was
withdrawingitsintervention.Itprovidednotendertopay
themergingparties’costs.Duringthemergerhearing,
whichwasnotattendedbyAltech,themergingparties
arguedthat theyshouldbeentitled to thecostsof the
intervention.TheTribunalagreedandawardedcosts
accordingly.
TheTribunalfoundthat:
’The intervention neither offered the Tribunal what it
promised,norachievedwhatAltechoriginallysought…
Instead, the intervention has burdened the merging
partieswithcosts,delayandinconvenience.’
Altechappealedthecostsdecision.Beforetheappeal
couldbeheardthepartiesreachedaprivatesettlement
onthisissueandtheappealwaswithdrawn.
40 41
COMPLAINANTS NEED TO KNOW THEIR COMPLAINTS ARE DEALT WITH PROMPTLY
IntermsofSection50(�)theCommissionmustreferanycomplaint it receives to the Tribunal within one year,or must issue a non-referral within the same period.Anextensionof theone-periodmaybegrantedif theCommissionandthecomplainantagreetothisbeforetheperiodexpires.
Inacomplaintofprice-fixinglodgedbyBarnesFencingandothersagainstAllenMeshco,WireforceSteelbar,Hendok, Independent Galvanising and AssociatedWire Industries, the respondents brought an in limineapplication to dismiss the case, asserting that thecomplainthadlapsedbecausetheCommissionandthecomplainantshadfailedtoreachagreementonproperextensions.
TheTribunalfoundthat,basedonMrBarnes’evidence,no break in the chain of extensions had occurredthroughout the relevantperiod. Itconsidered that theone-yearlimitationinsection50(�)hadbeenlegislatedfor thebenefitofcomplainants toensurethat theyarespeedilyattendedtobytheCommissionandthatcasesarenotundulydraggedout. AnastutecomplainantwillonlyconsenttoanextensiononbeingsatisfiedbytheCommission that there is good reason for it, andhas the power to bargain with the Commission overextratimeneededbywayofextension.Section50(�)thereforeservestheinterestsofthecomplainant.
TheTribunalalsonotedthatthecaserevealedthattherewereseriousshortcomingsintheproceduresandrecord-keepingoftheCommissionregardingextensions.
ABUSE OF DOMINANCE:MARGIN SQUEEzE IS AN EXCLUSIONARY ACT
Forthefirsttime,inthiscase,theTribunalrecognisedthatamarginsqueezeconstitutedanabuseofdominanceunder theCompetitionAct.Amargin squeezeoccurswhen a vertically integrated firm that is dominant inthe upstream market tries to exclude its rivals in thedownstream market, who are its customers in theupstreammarket,bysqueezingtheirmarginsbetweenwhattheypaythedominantfirmfortheirinputandthepricethattheycanrealisefortheirfinalproductinthedownstreammarketinwhichtheycompeteagainsttheirdominantfirmsupplier.
Inthiscase,broughtbytheCommission,thedominantfirm,Senwes,ownedgrainsilosinthecentralregionofthecountry. Italsocompetedwith itscustomers in thedownstream grain trading market. Rival grain tradersrequiredaccesstoSenwes’ssilostotradecompetitively.Senwesdecidedtochangeitsexistingstoragetariffinthe upstreammarket, bydenying traders access toalongtermstoragediscounttheyhadpreviouslyenjoyed.Tradersallegedthisledtotheirinputcostsbeingraisedand thus made them uncompetitive when tenderingagainst Senwes in the downstream market for milldoorcontracts frommillers,a keypartof themarket.After analysing the manner in which these marketswork,theTribunalcametotheconclusionthatthenewtariffsamounted toamargin squeeze thatmeant thatdownstream traders, even if as efficient as Senwes,could not operate effectively in the long term tradingmarketwhencompetingagainstit.TheTribunalfoundthatthispracticeamountedtoanabuseofdominance.The Tribunal acquitted Senwes on another count ofinducingcustomersnot todealwithcompetitors.BothSenwes and the Commission have appealed therespectivefindingsonthemeritsandagreedtoasktheTribunaltopostponetheimpositionofremediesuntilt
4� 4�
CHALLENGES BROUGHT AGAINST THE COMMISSION IN THE MILK PROCESSORS CASE
Two interlocutory applications were heard in the milkprocessorscomplaint,thefirston�June�008andthesecondon19and�0January�009.
Thefirstinterlocutoryapplication,broughtbyCloverandLadismith,concernedaletterbyaMrsMalherbe,dated10June�004,inwhichsheinformedtheCommissionofcertaingrievancesshehadconcerningthemilkindustry.ThequestionatissuewaswhetherthisletterconstitutedacomplaintforthepurposesoftheActorwhetheritwasmerelyasubmissionof’information’totheCommission.Threepointsinliminewereraised.
Firstly, the respondents alleged that the Commission’sreferral had prescribed as the Commission had notreferredthecomplainttotheTribunalwithintheoneyear-perioddeterminedintheAct.
InitsdecisiononthisissuetheTribunalstated:‘Our answer to the question “Where does one drawthe line between the submission of a ‘complaint’ andthesubmission‘ofinformation”,isthatthearticulationofagrievancebecomesacomplaint forpurposesof theAct,whenthereissomerealisticbasisforapprehendingthat theaggrievedpersonintends,absentareferralbytheCommission,toassumetheroleofthecomplainantherself….Thebestevidenceofsuchasignalwouldofcourse be the submission of a completed form CC1.Absentthat,suchanintentioncanonlybeinferredbythecontentandcontextof theperson’s submissionaswellas the nature of the ongoing interaction between thatpersonandtheCommission’.
Thesecondand thirdpoints in limine raised related toacorporate leniencyagreementsignedbyCloverandthe Commission. Clover contended that certain ofthe chargesmadeby theCommission in its complaintreferralwerethesubjectofleniencyextendedtoCloverbytheCommissionandsoshouldnothaveformedpartofthecomplaint.TheTribunalnotedthatitwasclearthat,at the timeofenteringinto thecorporate leniency
agreement,Cloverfullyappreciatedthatitwouldstillfaceprosecutionontheso-called‘complaintthree’andthatitsearlierrequestforimmunityinrelationtheretohadbeenturneddownbytheCommission.However,theTribunalfoundthatquestionsoffairnesscouldnotbedeterminedat such an early stage before witness statements hadbeenfiled,andthattheprejudicethatClovermightsuffercouldonlybefullyascertainedandeffectivelydealtwithatthetrial.
TheapplicationwasthereforedismissedbytheTribunal.
The second interlocutory application, brought byWoodlands Dairy and Milkwood Dairy, concernedalleged procedural irregularities in the Commission’sinvestigationoftheapplicants.Thecoreoftheapplicants’casewastheallegationthattheCommissionisobligedby law to have a validly initiated complaint before itwhenutilisingitspowerstoinvestigateintermsofsection49AoftheAct.(ThisisthesectionthatempowerstheCommissionertosummonspersonstoproducedocumentsand submit to interrogation.) Woodlands receiveda summons in March �005 and Milkwood in August�005.ThequestionatissuewaswhetherthesummonshadbeenissuedbeforeoraftertheCommissioninitiateditscomplaintinthelightoftheTribunal’sabove-mentioneddecision thatMrsMalherbecouldnotbe regardedastheinitiatorofthecomplaint.
The Tribunal found the Woodlands summons to bevague and said that it did not guide the addresseesufficientlytoappreciatetheboundariestotherequestfordocumentation.WithregardtotheMilkwoodsummonsit found that, unlike the Woodlands summons, it didgivesomeguidelineastotheambitoftheinterrogation,but that itwas still vague since itwasnot confined tospecifiedprohibitedpractices.
In the light of these findings the Tribunal found itunnecessary to decide whether the Commission ‘hadbeen clothedwith investigative powers’ at the time ofissuingthesummonses.
AdetailedlistofproceduralmattersissetoutinAppendixD
4� 4�4�
The Competition Appeal Court
MrJusticeDDavis MrJusticePLevinsohn
MrJusticeDZondi
MsJusticeLMailula
MrJusticeCPatelMsJusticeNMhlantla
MrJusticeFMalan
MsJusticeZTshiqi
MsJusticeN.C.Dambuza
44 4544 45
ThethirdinstitutionestablishedintermsoftheCompetition
ActistheCompetitionAppealCourt(theAppealCourt),
aspecialisedbodythathearsappealsfromandreviews
ofthedecisionsoftheTribunal.
Name Court Term of Office
TheHonourableMrJusticeDDavis
CapeofGoodHopeProvincialDivisionoftheHighCourt
October2007toOctober2012
TheHonourableMsJusticeLMMailula
WitwatersrandLocalDivisionoftheHighCourt
October2007toOctober2012
TheHonourableMrJusticeFRMalan
WitwatersrandLocalDivisionoftheHighCourt
October2007toOctober2012
TheHonourableMrJusticeCNPatel
NatalProvincialDivisionoftheHighCourt
October2007toOctober2012
TheHonourableMsJusticeNZMhlantla
EasternCapeDivisionoftheHighCourt
October2007toOctober2012AppointedpermanentlytotheSCAfromJanuary2009
TheHonourableMrJusticePLevinsohn
NatalProvincialDivisionoftheHighCourt
February2008toFebruary2009
TheHonourableMsJusticeZLLTshiqi
TransvaalProvincialDivisionoftheHighCourt
February2008toFebruary2009
TheHonourableMrJusticeDZondi
CapeofGoodHopeProvincialDivisionoftheHighCourt
01November2008to30November2009
TheHonourableMsJusticeNCDambuza
EasternCapeDivisionoftheHighCourt
01January2009to31December2009
TheregistryfunctionoftheAppealCourtisperformed
by the Tribunal and the Tribunal’s registrar acts as its
registrar.
One judge attended a training course hosted by the
FordhamUniversitySchoolofLawinJune�008inNew
York, and three judgesattended the Fordhamannual
conferenceoninternationalantitrustandlawpolicyin
NewYorkinSeptember�008.
Funding for theAppealCourt is received from thedti
anditsbudgetappearsasalineitemontheTribunal’s
budget.ThebudgetismanagedbytheJudgePresident
and administered by the Tribunal’s secretariat on
behalfoftheAppealCourt.Thetablebelowsetsout
theexpenditureof theAppealCourtover thepastsix
years.
Thisrepresentsa�.5�%increaseinexpenditure,which
is not significant, and is related to increased court
activity.
Year Total expenditure (R ’000’s)
2004 284
2005 341
2006 363
2007 337
2008 434
2009 445
CASES BEFORE THE APPEAL COURT
IntheperiodunderreviewtheAppealCourtreceived
�0newcasesandheardsixcases,twoofwhichdated
fromapreviousperiod.Fivedecisionswere released
(onerelatedtoacaseheardinapreviousperiod).Six
caseswerewithdrawn(onerelatedtoacasereceived
in the previous period). At year-end there were five
casesawaitinghearing.
AdetailedlistofAppealCourtcasesisgivenin
AppendixF
The President, acting on the advice of the Judicial
Services Commission, appoints the Appeal Court
judges.
The judges constituting the Appeal Court during the
yearunderreviewwere:
44 4544 45
financialstatements
ContentsThereportsandstatementssetoutbelowcomprisetheannualfinancialstatementspresentedtotheparliament:
PAGEStatementofFinancialPerformance 46StatementofFinancialPosition 47StatementofChangesinNetAssets 48CashFlowStatement 49AccountingPolicies 50-57NotestotheAnnualFinancialStatements 58-73
46
STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 31 MARCH 2009
2009 2008Note(s) R ‘000 R ‘000
REVENUE Governmentgrants 3 9,909 8,670Otherrevenue 4 3 14Feesearned 5 8,816 9,286Interestreceived 6 1,869 1,497
Total Revenue 20,597 19,467
EXPENSES Personnel 7 9,394 7,739Administrativeexpenses 8 3,163 2,633Depreciationandamortisationofintangibleassets 9 303 195Impairmentloss/Reversalofimpairments 30 6 -Financecharges 10 59 43Generalexpenses 11 4,668 4,817
Total Expenditure (17,593) (15,427)
Net surplus for the year 3,004 4,040
Financial Statements
47
for the year ended 31 March 2009
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2009
2009 2008Note(s) R ‘000 R ‘000
ASSETS Current AssetsConsumables 12 25 21Receivables 13 77 1,098Cashandcashequivalents 14 20,839 16,450 20,941 17,569
Non-Current AssetsInfrastructure,plantandequipment 15 811 773Intangibleassets 16 94 41 905 814Total Assets 21,846 18,383
LIABILITIES Current LiabilitiesFinanceleaseobligation 17 198 107Payables 18 213 465Provisions 19 1,528 871Accruedinterest - 3 1,939 1,446
Non-Current LiabilitiesFinanceleaseobligation 17 129 163 129 163Total Liabilities 2,068 1,609Net Assets 19,778 16,774
NET ASSETS Accumulatedsurplus 19,778 16,774
48
STATEMENT OF CHANGES IN NET ASSETS FOR THE YEAR ENDED 31 MARCH 2009
Accumulated funds
Total net assets
R ‘000 R ‘000
Openingbalanceaspreviouslyreported 12,957 12,957AdjustmentsPrioryearadjustments (223) (223)
Balance at 01 April 2007 restated 12,734 12,734ChangesinnetassetsSurplusfortheyear 4,078 4,078Priorperioderror (38) (38)Totalchanges 4,040 4,040Balance at 01 April 2008 16,774 16,774
ChangesinnetassetsSurplusfortheyear 3,004 3,004Totalchanges 3,004 3,004Balance at 31 March 2009 19,778 19,778
Financial Statements
49
for the year ended 31 March 2009CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2009
2009 2008Note(s) R ‘000 R ‘000
CASH FLOWS FROM OPERATING ACTIVITIES
Cashgeneratedfromoperations 20 2,921 2,521Interestincome 1,869 1,497Financecharges (59) (43)Net cash from operating activities 4,731 3,975
CASH FLOWS FROM INVESTING ACTIVITIES
Purchaseofproperty,plantandequipment 15 (337) (123)Purchaseofotherintangibleassets 16 (59) (43)Net cash from investing activities 21 (396) (166)
CASH FLOWS FROM FINANCING ACTIVITIES
Movementinaccruedinterest (3) -Movementinshorttermborrowings - (3)Movementinfinanceleasepayments 57 (96)Net cash from financing activities 22 54 (99)
Total cash movement for the year 4,389 3,710Cashandcashequivalentsatthebeginningoftheyear 16,450 12,740Cash and cash equivalents at the end of the year 14 20,839 16,450
50
FOR THE YEAR ENDED 31 MARCH 2009
1. BASIS OF PREPARATION
Theannualfinancialstatementshavebeenpreparedonthehistoricalcostbasis,exceptforthemeasurementofcertainfinancialinstrumentsatfairvalue,andincludethefollowingprincipalaccountingpolicies,whichinallmaterialaspects,areconsistentwiththoseappliedinthepreviousyear,exceptasotherwiseindicated:-
TheannualfinancialstatementshavebeenpreparedinaccordancewiththeSouthAfricanStatementsofGenerallyAcceptedAccountingPractices(GAAP)includinganyinterpretationsofsuchStatementsissuedbytheAccountingPracticesBoard,withtheeffectiveStandardsofGenerallyRecognisedAccountingPractices(GRAP)issuedbytheAccountingStandardsBoardreplacingtheequivalentGAAPStatementasfollows:
Standard of GRAP Replaced Statement of SA GAAP
GRAP1:Presentationoffinancialstatements AC101:Presentationoffinancialstatements
GRAP2:Cashflowstatements AC118:Cashflowstatements
GRAP3:Accountingpolicies,changesinaccountingestimatesanderrors
AC103:Accountingpolicies,changesinestimatesanderrors
CurrentlytherecognitionandmeasurementprinciplesintheaboveGRAPandGAAPStatementsdonotdifferorresultinmaterialdifferenceinitemspresentedanddisclosedinthefinancialstatements.
TheimplementationofGRAP1,2&3hasresultedinthefollowingchangesinthepresentationofthefinancialstatements:
a)Terminologydifferences:
Standard of GRAP Replaced Statement of SA GAAP
Statementoffinancialperformance Incomestatement
Statementoffinancialposition Balancesheet
Statementofchangesinnetassets Statementofchangesinequity
Netassets Equity
Surplus/deficit Profit/loss
Accumulatedsurplus/deficit Retainedearnings
Contributionsfromowners Sharecapital
Distributionstoowners Dividends
b)Thecashflowstatementcanonlybepreparedinaccordancewiththedirectmethod.
c)Specificinformationhasbeenpresentedseparatelyonthestatementoffinancialpositionsuchas:
• Receivablesfromnon-exchangetransactions,includingtaxesandtransfers;• Taxesandtransferspayable;and• Tradeandotherpayablesfromnon-exchangetransactions.
ACCOUNTING POLICIES
Financial Statements
51
for the year ended 31 March 2009d)Amountandnatureofanyrestrictionsoncashbalancesisrequired.
Paragraph11–15ofGRAP1hasnotbeenimplementedduethefactthatthelocalandinternationalbudgetreportingstandardisnoteffective for thisfinancialyear.Althoughthe inclusionofbudget informationwouldenhance the usefulness of the financial statements, non-disclosurewill not affect the objective of the annualfinancialstatements.
Theseaccountingpoliciesareconsistentwiththepreviousperiod.
1.1 Presentation currency
ThesefinancialstatementsarepresentedinSouthAfricanRands.
1.2 Revenue
Revenueisrecognisedtotheextentthatitisprobablethattheeconomicbenefitswillflowandcanbereliablymeasured.Revenueismeasuredatfairvalueoftheconsiderationreceivableonanaccrualbasis.Thefollowingspecificrecognitioncriteriamustalsobemetbeforerevenueisrecognised:
Filing feesFilingfeesinrespectofmergersarerecognisedwhenthepapershavebeenfiledandthefilingfeeshavebeenpaid.
Revenueonfilingfeesisrecognisedaseconomicbenefitscompulsorilyreceivableorreceivablebyentities,inaccordancewith lawsorregulations,establishedtoproviderevenue togovernment,excludingfinesorotherpenaltiesimposedforbreachesorlawsorregulations.
Government grantsGovernment grants are recognised in the year to which they relate, once reasonable assurance has beenobtainedthatallconditionsofthegrantshavebeencompliedwithandthegranthasbeenreceived.
Interest incomeRevenueisrecognisedasinterestaccruesusingtheeffectiveinterestrate.
Other incomeOtherincomeisrecognisedonanaccrualbasis.
1.3 Irregular expenditure
Irregularexpendituremeansexpenditureincurredincontraventionof,ornotinaccordancewitharequirementofanyapplicablelegislationincludingthePFMA.
Theexpenditureportionofany irregular expenditure ischargedagainst incomeandthecapitalportionofirregularexpenditureischargedagainsttherelatedliabilityintheperiodinwhichtheyaredetermined.
5�
1.4 Fruitless and wasteful expenditure
Fruitlessexpendituremeansexpenditurewhichwasmadeinvainandwouldhavebeenavoidedhadreasonablecarebeenexercised.
Theexpenditureportionofanyfruitlessandwastefulexpenditureischargedagainstincomeandthecapitalportionofirregularexpenditureischargedagainsttherelatedliabilityintheperiodinwhichtheyaredetermined.
1.5 Employee benefits
Pension and post retirement benefits1.Theentityoperatesadefinedcontributionplanforallitsemployees.2.Contributionstothedefinedcontributionplanarechargedtothestatementoffinancialperformanceinthe
yeartowhichtheyrelate.
1.6 Property, plant and equipment
Property,plantandequipmentarestatedathistoricalcostlessdepreciation.Depreciationiscalculatedonastraight-linebasisatratesconsideredappropriatetoreducethecostoftheassetslesstheirresidualvalueovertheestimatedusefullife.Usefullife,depreciationpolicyandresidualvaluearereviewedannually.
Theperiodoverwhichvariouscategoriesofassetsaredepreciatedisdetailedbelow:
Item Average useful lifeFurnitureandfittings 15yearsMotorvehicles 5yearsOfficeequipment 15yearsComputerequipment• ComputerEquipment 3years• Server 10years
LeasedAssets Periodofthelease
Theresidualvalueandtheusefullifeofeachassetarereviewedateachfinancialperiod-end.Eachpartofanitemofproperty,plantandequipmentwithacostthatissignificantinrelationtothetotalcostoftheitemshallbedepreciatedseparately.
Thedepreciationchargeforeachperiodisrecognisedinsurplusordeficitunlessitisincludedinthecarryingamountofanotherasset.
Thegainorlossarisingfromthederecognitionofanitemofproperty,plantandequipmentisincludedinsurplusordeficitwhentheitemisderecognised.Thegainorlossarisingfromthederecognitionofanitemofproperty,plantandequipmentisdeterminedasthedifferencebetweenthenetdisposalproceeds,ifany,andthecarryingamountoftheitem.
ACCOUNTING POLICIES CONTINUED
Financial Statements
5�
for the year ended 31 March 2009
1.7 Intangible assets
Anintangibleassetisrecognisedwhen:• itisprobablethattheexpectedfutureeconomicbenefitsthatareattributabletotheassetwillflowtothe
entity;and• thecostoftheassetcanbemeasuredreliably.
Intangibleassetsareinitiallyrecognisedatcost.
Expenditureonresearch(orontheresearchphaseofaninternalproject)isrecognisedasanexpensewhenitisincurred.
Anintangibleassetarisingfromdevelopment(orfromthedevelopmentphaseofaninternalproject)isrecognisedwhen:• itistechnicallyfeasibletocompletetheassetsothatitwillbeavailableforuseorsale.• thereisanintentiontocompleteanduseorsellit.• thereisanabilitytouseorsellit.• itwillgenerateprobablefutureeconomicbenefits.• thereareavailabletechnical,financialandotherresourcestocompletethedevelopmentandtouseorsell
theasset.• theexpenditureattributabletotheassetduringitsdevelopmentcanbemeasuredreliably.
Intangibleassetsarecarriedatcostlessanyaccumulatedamortisationandanyimpairmentlosses.
Anintangibleassetisregardedashavinganindefiniteusefullifewhen,basedonallrelevantfactors,thereisnoforeseeablelimittotheperiodoverwhichtheassetisexpectedtogeneratenetcashinflows.Amortisationisnotprovidedfortheseintangibleassets.Forallotherintangibleassetsamortisationisprovidedonastraightlinebasisovertheirusefullife.
Theamortisationperiodandtheamortisationmethodforintangibleassetsarereviewedeveryperiod-end.
Reassessingtheusefullifeofanintangibleassetwithadefiniteusefullifeafteritwasclassifiedasindefiniteisanindicatorthattheassetmaybeimpaired.Asaresulttheassetistestedforimpairmentandtheremainingcarryingamountisamortisedoveritsusefullife.
Amortisationisprovidedtowritedowntheintangibleassets,onastraightlinebasis,totheirresidualvaluesasfollows:
Item Useful lifeServersoftware 10yearsOtherComputerSoftware 5years
54
1.8 Leases
Aleaseisclassifiedasafinanceleaseifittransferssubstantiallyalltherisksandrewardsincidentaltoownership.Aleaseisclassifiedasanoperatingleaseifitdoesnottransfersubstantiallyalltherisksandrewardsincidentaltoownership.
Leased assetsLeasesofassetsareclassifiedasfinanceleaseswheneverthetermsoftheleasetransfersubstantiallyalltherisksandrewardsofownershiptothelessee.
Assetsheldunderfinanceleasesarerecognisedasassetsattheirfairvalueattheinceptionoftheleaseor,ifloweratthepresentvalueoftheminimumleasepayments.Thecorrespondingliabilitytothelessorisincludedinthestatementoffinancialpositionasafinanceleaseobligation.Leasepaymentsareapportionedbetweenfinancechargesandreductionoftheleaseobligationsoastoachieveaconstantrateofinterestontheremainingbalanceoftheliability.Financechargesarechargedtosurplusordeficit.
Leasesunderwhichthelessoreffectivelyretainstherisksandbenefitsofownershipareclassifiedasoperatingleases.Obligationsincurredunderoperatingleasesarechargedtothestatementoffinancialperformanceinequalinstalmentsovertheperiodofthelease.
1.9 Consumables
Consumablesaremeasuredatthelowerofcostandnetrealisablevalue.
Netrealisablevalueforconsumablesisassumedtoapproximatethecostpriceduetotherelativelyshortperiodthattheseassetsareheldinstock.
Consumablesaremeasuredatthelowerofcostandnetrealisablevalueonthefirst-in-first-outbasis.Netrealisablevalueistheestimatedsellingpriceintheordinarycourseofbusinesslesstheestimatedcostsofcompletionandtheestimatedcostsnecessarytomakethesale.
The costof consumables comprisesofall costsofpurchase, costsof conversionandother costs incurred inbringingtheconsumablestotheirpresentlocationandcondition.
Thecostofinventoriesisbasedonthefirst-in-first-out(FIFO)methodandincludesexpenditureincurredinacquiringtheconsumablesandothercostsincurredinbringingthemtotheirexistinglocationandconditionWhenconsumablesaredonatedorissuedtootherentitiesfornocost/nominalvalues,consumablesshallbemeasuredatthelowerofcostandnetrealisablevalue.
1.10 Provisions and contingencies
Provisionsarerecognisedwhen:• theentityhasapresentobligationasaresultofapastevent;• it is probable that an outflow of resources embodying economic benefits will be required to settle the
obligation;and• areliableestimatecanbemadeoftheobligation.
ACCOUNTING POLICIES CONTINUED
Financial Statements
55
for the year ended 31 March 2009
The amount of a provision is the present value of the expenditure expected to be required to settle theobligation.
Wheresomeoralloftheexpenditurerequiredtosettleaprovisionisexpectedtobereimbursedbyanotherparty,thereimbursementshallberecognisedwhen,andonlywhen,itisvirtuallycertainthatreimbursementwillbereceivediftheentitysettlestheobligation.Thereimbursementshallbetreatedasaseparateasset.Theamountrecognisedforthereimbursementshallnotexceedtheamountoftheprovision.
Provisionsarenotrecognisedforfutureoperatingdeficits.Ifanentityhasacontract that isonerous, thepresentobligationunder thecontractshallberecognisedandmeasuredasaprovision.
1.11 Financial instruments
Classification TheTribunal’sprincipalfinancialinstrumentsarereceivables,cashandcashequivalents,payablesandleaseliabilities.
Classificationdependsonthepurposeforwhichthefinancialinstrumentswereobtained/incurredandtakesplaceatinitialrecognition.Classificationisre-assessedonanannualbasis,exceptforderivativesandfinancialassetsdesignatedasatfairvaluethroughsurplusordeficit,whichshallnotbeclassifiedoutofthefairvaluethroughsurplusordeficitcategory.
Initial recognition and measurementFinancialassetsarerecognisedintheTribunal’sstatementsoffinancialpositionwhentheTribunalbecomesapartytothecontractualprovisionsofaninstrument.
Financialinstrumentsareinitiallyrecognisedusingthetradedateaccountingmethod.
Financialassetsareclassifiedasfinancialassetsatfairvaluethroughsurplusordeficit,loansandreceivablesorheldtomaturityinvestmentasappropriate.Whenfinancialassetsareinitiallyrecognisedtheyaremeasuredatfairvalue.
TheTribunaldeterminestheclassificationofitsfinancialassetsoninitialrecognitionand,whereallowedandappropriate,re-evaluatesthisdesignationateachfinancialyearend.
Impairment of financial assetsAteachendofthereportingperiodtheentityassessesallfinancialassets,otherthanthoseatfairvaluethroughsurplusordeficit,todeterminewhetherthereisobjectiveevidencethatafinancialassetorgroupoffinancialassetshasbeenimpaired.
Impairment losses are recognised in surplus or deficit.Impairment lossesarereversedwhenan increase in thefinancialasset’s recoverableamountcanberelatedobjectivelytoaneventoccurringaftertheimpairmentwasrecognised,subjecttotherestrictionthatthecarryingamountof thefinancialassetat thedate that the impairment is reversedshallnotexceedwhat thecarryingamountwouldhavebeenhadtheimpairmentnotbeenrecognised.
56
Reversalsof impairment lossesarerecognised insurplusordeficitexcept forequity investmentsclassifiedasavailableforsale.
Impairmentlossesarealsonotsubsequentlyreversedforavailable-for-saleequityinvestmentswhichareheldatcostbecausefairvaluewasnotdeterminable.
Asset carried at amortised costIn relation to receivablesaprovision for impairment ismadewhen there isobjectiveevidence (suchas theprobabilityof insolvencyorsignificantfinancialdifficultiesof thedebtor) that theTribunalwillnotbeable tocollectall theamountsdueunder theoriginal termsof the invoice.Thecarryingamountof thereceivable isreduced throughuseofanallowanceaccount. Impaireddebtsarederecognisedwhen theyareassessedasuncollectible.
Loans and other receivablesLoans and receivables are non-derivative financial assets with fixed or determinable payments that are notquotedinanactivemarket.Afterinitialmeasurementloansandreceivablesarecarriedatamortisedcostusingtheeffectiveinterestmethodlessanyallowanceforimpairment.Gainsandlossesarerecognisedinsurplusordeficitwhenthereceivablesarederecognisedorimpaired,aswellasthroughtheamortisationprocess.
Tradeandotherreceivablesareclassifiedasloansandreceivables.
PayablesTradepayablesareinitiallymeasuredatfairvalue,andaresubsequentlymeasuredatamortisedcost,usingtheeffectiveinterestratemethod.
Afterinitialrecognition,payablesaresubsequentlymeasuredatamortisedcostusingtheeffectiveinterestmethod.Gainsandlossesarerecognisedinsurplusanddeficitwhentheliabilitiesarederecognisedaswellasthroughtheamortisationprocess.
Cash and cash equivalentsCashandcashequivalentsinthestatementoffinancialpositioncomprisecashatbanksandonhandandcashequivalentswithanoriginalmaturityofthreemonthsorless.Forthepurposeofthecashflowstatement,cashandcashequivalentsconsistofcashandcashequivalentsasdefinedabove,netofoutstandingbankoverdrafts.
Cashandcashequivalentsarerecognisedatcost.
Bank overdraft and borrowingsBankoverdraftsandborrowingsareinitiallymeasuredatfairvalue,andaresubsequentlymeasuredatamortisedcost,usingtheeffectiveinterestratemethod.Anydifferencebetweentheproceeds(netoftransactioncosts)andthesettlementorredemptionofborrowingsisrecognisedoverthetermoftheborrowingsinaccordancewiththeentity’saccountingpolicyforborrowingcosts.
1.12 Comparative figures
Where necessary, comparative figures have been reclassified to conform to changes in presentation in thecurrentyear.
ACCOUNTING POLICIES CONTINUED
Financial Statements
57
for the year ended 31 March 20091.13 Impairment of non-cash generating assets
Theentityassessesateachstatementoffinancialpositiondatewhetherthereisanyindicationthatanassetmaybeimpaired.Ifanysuchindicationexists,theentityestimatestherecoverableamountoftheasset.
ThecarryingamountoftheTribunal’snon-cashgeneratingassetsarereviewedateachreportingdatetodeterminewhetherthereisanyindicationofimpairment.Ifanysuchindicationthentheassetsrecoverableserviceamountisestimated.Therecoverableserviceamountisthehigherofthenon-cashgeneratingassets’sfairvaluelessthecoststosellanditsvalueinuse.
When the recoverable serviceamountofanasset is less than its carryingamount , the carryingamount isreducedtoitsrecoverableserviceamount.Thereductionisanimpairmentloss.
Animpairmentlossofassetscarriedatcost lessanyaccumulateddepreciationoramortisationisrecognisedimmediatelyinsurplusordeficit.Anyimpairmentlossofarevaluedassetistreatedasarevaluationdecrease.
An impairment loss recognised in prior periods for an asset is reversed if there has been a change in theestimatesusedtodeterminetheassetsrecoverableserviceamountsincethelastimpairmentlosswasrecognised.Ifthisisthecase,thecarryingamountoftheassetisincreasedtoitsrecoverableserviceamount.Theincreaseisareversalinimpairmentloss.Theincreasedcarryingamountattributabletoareversalofanimpairmentlossshallnotexceedthecarryingamountthatwouldhavebeendetermined(netofdepreciationoramortisation)hadnoimpairmentlossbeenrecognisedinpriorperiod.
Areversalofanimpairmentlossforanassetshallberecognisedimmediatelyinsurplusordeficit.
Animpairmentlossistestedusingthedepreciatedreplacementcostapproach.
1.14 Significant judgements and sources of estimation uncertainty
Residual value and useful lifeManagementreviewedtheresidualvalueandusefullifeofallcategoriesofassetsheldbytheTribunal.OfficeequipmentandfurnitureandfittingscostinglessthanR2000.00previouslyexpensedwasdeterminedtohaveausefullifeof15yearsandaresidualvalueof5%ofcostprice.Theseassetswillbedepreciatedoverthe15years.Thisadjustmentresultedinaprioryearerrorandcomparativefigureshavebeenrestatedtocorrectthis.
58
2. NEW STANDARDS AND INTERPRETATIONS
2.1 Standards and Interpretations early adopted
Theentityhaschosentoearlyadoptthefollowingstandardsandinterpretations:
GRAP 9: Revenue from Exchange TransactionsTheeffectivedateofthestandardisforyearsbeginningonorafter01April2009.
Theentityhasearlyadoptedthestandardforthefirsttimeinthe2008annualfinancialstatements.
Theadoptionofthisstandardhasnothadamaterialimpactontheresultsoftheentity,buthasresultedinmoredisclosurethanwouldhavepreviouslybeenprovidedintheannualfinancialstatements.
GRAP 12: InventoriesTheeffectivedateofthestandardisforyearsbeginningonorafter01April2009.
Theentityhasearlyadoptedthestandardforthefirsttimeinthe2008annualfinancialstatements.
Theadoptionofthisstandardhasnothadamaterialimpactontheresultsoftheentity,buthasresultedinmoredisclosurethanwouldhavepreviouslybeenprovidedintheannualfinancialstatements.
GRAP 13: LeasesTheeffectivedateofthestandardisforyearsbeginningonorafter01April2009.
Theentityhasearlyadoptedthestandardforthefirsttimeinthe2008annualfinancialstatements.
Theadoptionofthisstandardhasnothadamaterialimpactontheresultsoftheentity,buthasresultedinmoredisclosurethanwouldhavepreviouslybeenprovidedintheannualfinancialstatements.
GRAP 14: Events after the reporting dateTheeffectivedateofthestandardisforyearsbeginningonorafter01April2009.
Theentityhasearlyadoptedthestandardforthefirsttimeinthe2008annualfinancialstatements.
Theadoptionofthisstandardhasnothadamaterialimpactontheresultsoftheentity,buthasresultedinmoredisclosurethanwouldhavepreviouslybeenprovidedintheannualfinancialstatements.
GRAP 17: Property, Plant and Equipment Theeffectivedateofthestandardisforyearsbeginningonorafter01April2009.
Theentityhasearlyadoptedthestandardforthefirsttimeinthe2008annualfinancialstatements.
Theadoptionofthisstandardhasnothadamaterialimpactontheresultsoftheentity,buthasresultedinmoredisclosurethanwouldhavepreviouslybeenprovidedintheannualfinancialstatements.
NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2009
Financial Statements
59
for the year ended 31 March 2009GRAP 19: Provisions, Contingent Liabilities and Contingent AssetsTheeffectivedateofthestandardisforyearsbeginningonorafter01April2009.
Theentityhasearlyadoptedthestandardforthefirsttimeinthe2008annualfinancialstatements.
Theadoptionofthisstandardhasnothadamaterialimpactontheresultsoftheentity,buthasresultedinmoredisclosurethanwouldhavepreviouslybeenprovidedintheannualfinancialstatements.
GRAP 100: Non-current Assets Held for Sale and Discontinued OperationsTheeffectivedateofthestandardisforyearsbeginningonorafter01April2009.
Theentityhasearlyadoptedthestandardforthefirsttimeinthe2008annualfinancialstatements.
Theadoptionofthisstandardhasnothadamaterialimpactontheresultsoftheentity,buthasresultedinmoredisclosurethanwouldhavepreviouslybeenprovidedintheannualfinancialstatements.
GRAP 102: Intangible AssetsTheeffectivedateofthestandardisforyearsbeginningonorafter01April2009.
Theentityhasearlyadoptedthestandardforthefirsttimeinthe2008annualfinancialstatements.
Theadoptionofthisstandardhasnothadamaterialimpactontheresultsoftheentity,buthasresultedinmoredisclosurethanwouldhavepreviouslybeenprovidedintheannualfinancialstatements.
IPSAS 21: Impairment of Non Cash-Generating AssetsTheeffectivedateofthestandardisforyearsbeginningonorafter01April2009.
Theentityhasearlyadoptedthestandardforthefirsttimeinthe2008annualfinancialstatements.
Theadoptionofthisstandardhasnothadamaterialimpactontheresultsoftheentity,buthasresultedinmoredisclosurethanwouldhavepreviouslybeenprovidedintheannualfinancialstatements.
IPSAS 20: Related Party DisclosureTheeffectivedateofthestandardisforyearsbeginningonorafter01April2009.
Theentityhasearlyadoptedthestandardforthefirsttimeinthe2008annualfinancialstatements.
Theadoptionofthisstandardhasnothadamaterialimpactontheresultsoftheentity,buthasresultedinmoredisclosurethanwouldhavepreviouslybeenprovidedintheannualfinancialstatements.
60
2.2 Standards and interpretations not yet effective
Theentityhaschosennottoearlyadoptthefollowingstandardsandinterpretations,whichhavebeenpublishedandaremandatoryfortheentity’saccountingperiodsbeginningonorafter01April2009orlaterperiods:
GRAP 23: Revenue from Non-exchange TransactionsTheeffectivedateofthestandardisforyearsbeginningonorafter01April2010.
Theentityexpectstoadoptthestandardforthefirsttimeinthe2010annualfinancialstatements.
Theadoptionofthisstandardisnotexpectedtoimpactontheresultsoftheentity,butmayresultinmoredisclosurethaniscurrentlyprovidedintheannualfinancialstatements.
GRAP 24: Presentation of Budget Information in the Financial StatementsTheeffectivedateofthestandardisforyearsbeginningonorafter01April2010.
Theentityexpectstoadoptthestandardforthefirsttimeinthe2010annualfinancialstatements.
Theadoptionofthisstandardisnotexpectedtoimpactontheresultsoftheentity,butmayresultinmoredisclosurethaniscurrentlyprovidedintheannualfinancialstatements.
GRAP1: Interpretation of GRAP: Applying the Probability Test on Initial Recognition of Exchange RevenueTheeffectivedateoftheinterpretationisforyearsbeginningonorafter01April2010.
Theentityexpectstoadopttheinterpretationforthefirsttimeinthe2010annualfinancialstatements.
NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2009
Financial Statements
61
for the year ended 31 March 2009
2009 2008R ‘000 R ‘000
3. GRANTS AND TRANSFERS
Governmentgrant 9,909 8,670
4. OTHER REVENUE
Printingcostrecoupment 3 14
5. FEE INCOME
FeeIncomereceivedfromtheCommission 8,816 9,286
6. INTEREST RECEIVED
Interestreceived-Bankdeposits 1,869 1,497
7. PERSONNEL
Basicsalaries 2,342 1,801Performanceawards 289 170Medical 90 77StatutoryContributions 108 92Insurance 43 33Othernon-pensionableallowance 177 113Othersalaryrelatedcosts 26 27Definedcontributionpensionplanexpense 201 207Director’semoluments 6,118 5,219
9,394 7,739
8. ADMINISTRATIVE EXPENSES
AuditCommiteemembersfees(inclusiveoftravel) 76 62Generalandadministrativeexpenses 820 711Externalauditfees 271 202Internalauditfees 285 245Travelandsubsistence 505 281Unitarypaymentsforbuildingoccupation 1,206 1,132
3,163 2,633
6�
2009 2008R ‘000 R ‘000
9. DEPRECIATION AND AMORTISATION
DepreciationFurnitureandfittings 23 8Motorvehicles 21 21Officeequipment 1 1Computerequipment 80 60Leasedassets-officeequipment 172 104 297 194
Amortisation Computersoftware 6 1
10. FINANCE CHARGES
Financeleases 59 43
11. OTHER OPERATING EXPENSES
Consultants,contractorsandspecialservices 3,341 3,376Finesandpenalties 1 -Stafftraininganddevelopment 1,306 1,433Legalfees 15 2Maintenance,repairsandrunningcosts 4 2Fruitlessandwastefulexpenditure 1 4Total 4,668 4,817
12. CONSUMABLES
Consumablestores(officestationery) 25 21Total 25 21 25 21
13. RECEIVABLES
Receivables 49 992Prepayments 28 106Total 77 1,098
NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2009
Financial Statements
6�
for the year ended 31 March 200914. CASH AND CASH EQUIVALENTS
Cashandcashequivalentscomprisecash that isheldwithregisteredbanking institutionsandaresubject toinsignificantinterestraterisk.Thecarryingamountoftheseassetsapproximatestheirfairvalue.
2009 2008R ‘000 R ‘000
Cashonhand 2 2Cashatbank 20,837 16,448Total 20,839 16,450
15. PROPERTY, PLANT AND EQUIPMENT
2009 2008
Cost Accumulated depreciation
Carrying value Cost Accumulated
depreciationCarrying
value
Furnitureandfittings 358 (189) 169 371 (177) 194Motorvehicles 209 (85) 124 209 (64) 145Officeequipment 17 (7) 10 14 (6) 8Computerequipment 452 (230) 222 451 (261) 190Leasedassets-officeequipment 741 (455) 286 519 (283) 236Total 1,777 (966) 811 1,564 (791) 773
Reconciliation of property, plant and equipment - 2009
Opening Balance Additions Depreciation Impairment
loss Total
Furnitureandfittings 194 - (20) (5) 169Motorvehicles 145 - (21) - 124Officeequipment 8 3 (1) - 10Computerequipment 190 112 (79) (1) 222Leasedassets-officeequipment 236 222 (172) - 286
773 337 (293) (6) 811
Reconciliation of property, plant and equipment - 2008
Opening Balance Additions Depreciation Total
Furnitureandfittings 177 25 (8) 194Motorvehicles 166 - (21) 145Officeequipment 8 - - 8Computerequipment 152 98 (60) 190Leasedassets-officeequipment 340 - (104) 236
843 123 (193) 773
64
16. INTANGIBLE ASSETS
2009 2008
Cost Accumulated amortisation Carrying value Cost Accumulated
amortisationCarrying
value
Computersoftware 101 (7) 94 42 (1) 41
Reconciliation of intangible assets - 2009
Opening Balance Additions Amortisation Total
Computersoftware 41 59 (6) 94
Reconciliation of intangible assets - 2008
Opening Balance Additions Amortisation Total
Computersoftware - 43 (1) 42
17. FINANCE LEASE OBLIGATION
2009 2008R ‘000 R ‘000
Minimum lease payments due -withinoneyear 235 141-insecondtofifthyearinclusive 138 180 373 321less:futurefinancecharges (46) (51)Present value of minimum lease payments 327 270
Presentvalueofminimumleasepaymentsdue-withinoneyear 198 107-insecondtofifthyearinclusive 129 163 327 270
Non-currentliabilities 129 163Currentliabilities 198 107
327 270
TheTribunalisleasingphotocopiersonfinanceleasesandtherearenorestrictionsimposedontheTribunalintermsoftheseleases.Theobligationunderthefinanceleaseissecuredbythelessor’stitletotheleasedasset.Theleasecanbeextendedforafurtherperiodaftertheinitialperiodhasexpired.
NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2009
Financial Statements
65
for the year ended 31 March 2009
18. PAYABLES
2009 2008R ‘000 R ‘000
Creditors 197 461Otheraccruals 16 4
213 465
19. PROVISIONS
Reconciliation of provisions - 2009
Opening Balance Additions Utilised during
the year
Reversed during the
yearTotal
Performancebonusprovision 316 475 (316) - 475Accumleaveprovision 203 428 - (203) 428Provisionfor13thcheque 95 434 (400) (24) 105Othersalaryprovisions 257 520 (257) - 520
871 1,857 (973) (227) 1,528
Reconciliation of provisions - 2008
Opening Balance Additions Utilised during
the year
Reversed during the
yearTotal
Performancebonusprovision 271 316 (271) - 316Accumleaveprovision 223 204 (24) (200) 203Provisionfor13thcheque 75 415 (394) (1) 95Othersalaryprovisions 146 257 (146) - 257 715 1,192 (835) (201) 871
20. CASH GENERATED FROM OPERATIONS
Surplusfortheyear 3,004 4,040Adjustments for:Depreciationandamortisation 303 195Interestreceived (1,869) (1,497)Financecharges 59 43Impairmentdeficit 6 -Movementsinprovisions 657 156Changes in working capital: Consumables (4) (5)Receivables 1,021 (411)Payables (256) -
2,921 2,521
66
21. NET CASH FLOW FROM INVESTING ACTIVITIES
2009 2008R ‘000 R ‘000
Property,plantandequipment (337) (124)Intangibleassets (59) (42) (396) (166)
22. NET CASH FLOW FROM FINANCING ACTIVITIES
Proceedsfromfinanceleases 57 (96)Borrowings - (3)Accruedinterest (3) - 54 (99)
23. FUTURE MINIMUM LEASE PAYMENTS
Office rental TheTribunalcurrentlyoccupiesspaceonthedticampusinSunnyside.Thereiscurrentlynoleaseagreementinplacewhichspecifiestheannualunitaryfeepayableorthatspecifiesanyperiodofoccupation.Thedtihasindicatedthattheannualunitarypaymentwillincreaseatarateequaltotherateofinflation.Itisanticipatedthatthisfeewillincreaseby6.5%inthenextfinancialyear(2009/2010).Itisthereforeacceptedthattherealvalueofthispaymentwillremainconstantinfutureyears.ThisamountispaidtothedtithroughtheCompetitionCommissionintermsofanMOAbetweentheCompetitionCommissionandtheTribunal.
24. EMPLOYEE BENEFITS
Defined contribution planTheCompetitionCommissionPensionFund,whichisgovernedbythePensionsFundActof1956,isadefinedcontribution plan for all employees in the Tribunal. The fund is administeredby Sanlam Ltd. The scheme iscurrentlyinvestedininvestmentpolicieswithMetropolitanLifeandSanlamMultiManagers.Asaninsuredfund,theCompetitionCommissionPensionFundcomplieswithregulation28ofthePensionFundActof1956.
25. INCOME TAX EXEMPTION
TheTribunaliscurrentlyexemptfromIncomeTaxintermsofsection10(1)(a)oftheIncomeTaxAct,1962.
NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2009
Financial Statements
67
for the year ended 31 March 200926. FINANCIAL RISK MANAGEMENT
ThemainrisksarisingfromtheTribunal’sfinancialinstrumentsaremarketrisk,liquidityriskandcreditrisk.
Credit risk TheTribunaltradesonlywithrecognised,creditworthythirdparties.ItistheTribunal’spolicythatallcustomerswhowishtotradeoncredittermsaresubjecttocreditverificationprocedures.Inaddition,receivablesbalancesaremonitoredonanongoingbasiswiththeresultthattheTribunal’sexposuretobaddebtsisnotsignificant.ThemaximumexposureisthecarryingamountsasdisclosedinNote13.ThereisnosignificantconcentrationofcreditriskwithintheTribunal.
With respect to credit risk arising from the other financial assets of the Tribunal,which comprise cash andcashequivalents,theTribunal’sexposuretocreditriskarisesfromdefaultofthecounterparty,withamaximumexposureequaltothecarryingamountoftheseinstruments.TheTribunal’scashandcashequivalentsareplacedwithhighcreditqualityfinancialinstitutionsthereforethecreditriskwithrespecttocashandcashequivalentsislimited.
Exposure to credit riskThemaximumexposuretocreditriskatthereportingdatefromfinancialassetswas:
2009 2009R’000 R’000
Cashandcashequivalents 20,839 16,450Otherreceivables 49 992Total 20,888 17,442
Concentration of credit riskThemaximumexposuretocreditriskforfinancialassetsatthereportingdatebycreditratingcategorywasasfollows:
2009R’000
AAA and government Unrated
Cashandcashequivalents 20,839 -Otherreceivables - 49
2008 R’000
AAA and government Unrated
Cashandcashequivalents 16,450 -Otherreceivables - 992
68
ThefollowingtableprovidesinformationregardingthecreditqualityofassetswhichmayexposetheTribunaltocreditrisk:
2009R’000
Neither past due nor impaired
Past due but not impaired - less than 2
months
Past due but not impaired - more than 2
months
Carrying value
Cashandcashequivalents 20,839 - - 20,839Otherreceivables 28 13 8 49
2008 R’000
Neither past due nor impaired
Past due but not impaired - less than 2
months
Past due but not impaired - more than 2
months
Carrying value
Cashandcashequivalents 16,450 - - 16,450
Otherreceivables 962 - 30 992
Market risk Marketriskistheriskthatchangesinmarketprices,suchastheinterestratewillaffectthevalueofthefinancialassetsoftheTribunal.
Interest rate risk TheTribunalisexposedtointerestratechangesinrespectofreturnsonitsinvestmentswithfinancialinstitutionsandinterestpayableonfinanceleasescontractedwithoutsideparties.
TheTribunal’sexposuretointerestriskismanagedbyinvesting,onashorttermbasis,incurrentaccountsandtheCorporationforPublicDeposits.
Sensitivity AnalysisIncrease/(decrease) in net surplus for the year
2009 Change in Investments Upward change Downward changeCashandcashequivalents 1.00% 208 (208)Financelease 1.00% (3) 32008 Cashandcashequivalents 1.00% 164 164Financelease 1.00% (3) 3
Liquidity riskLiquidityriskistheriskthattheTribunalwouldnothavesufficientfundsavailabletocoverfuturecommitments.TheTribunalregardsthisrisktobelow;takingintoconsiderationtheTribunal’scurrentfundingstructuresandavailabilityofcashresources.
NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2009
Financial Statements
69
for the year ended 31 March 2009
ThefollowingtablereflectstheTribunal’sexposuretoliquidityriskfromfinancialliabilities:
2009R’000
Carrying amount
Total cash flow
Contractual cash flow
within 1 year
Contractual cash flow
between 1 and 5 years
Financeleaseobligation 327 327 198 129
Payables 213 213 213 -
Provisions 1,528 1,528 1,528 -
2008 R’000
Carrying amount
Total cash flow
Contractual cash flow
within 1 year
Contractual cash flow
between 1 and 5 years
Financeleaseobligation 270 270 107 163
Payables 465 465 465 -
Provisions 871 871 871 -
Financial instruments ThefollowingtableshowstheclassificationoftheTribunal’sprincipalinstrumentstogetherwiththeircarryingvalue:
Financial instrument ClassificationCarrying amount
Carrying amount
Cashandcashequivalents Loansandreceivables 20,839 16,450
Receivables Loansandreceivables 49 992
Payables Financialliabilities 213 465
Provisions Financialliabilities 1,528 871
Financeleases Financialliabilitiesmeasuredatamortisedcost 327 270
70
Net gains and losses on financial instruments The following tablepresents the totalnetgainsor losses foreachcategoryoffinancialassetsandfinancialliabilities:
2009 R ‘000
Loans and receivables
Financial liabilities at
amortised costTotal
Interestincome 1,869 - 1,869
Financecharges - (59) (59)
Total net gains recognised in the statement of financial performance 1,869 (59) 1,810
2008 R ‘000
Loans and receivables
Financial liabilities at
amortised costTotal
Interestincome 1,497 - 1,497
Financecharges - (43) (43)
Total net gains recognised in the statement of financial performance 1,497 (43) 1,454
NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2009
Financial Statements
71
for the year ended 31 March 200927. RELATED PARTIES
2009 2008R ‘000 R ‘000
Related party Relationship TheCompetitionCommission PublicentityintheNational
Sphere
TheDepartmentofTradeandIndustry NationalDepartmentintheNationalSphere
Related party balances
Amounts included in trade payables regarding related parties
TheCompetitionCommission 7 134TheDepartmentofTradeandIndustry 4 10
Amounts included in trade receivables regarding related parties
TheCompetitionCommission 18 1,014
Related party transactions
The Competition Commission
Filingfeesreceivedasatyearend 8,807 9,285Facilityfeespaidasatyearend 1,688 1,602Employeecostsreceivedasatyearend 107 318Administrativecostsreceivedasatyearend 17 -
The Department of Trade and Industry
Grantsreceivedasatyearend 9,909 8,670Administrativecostspaidasatyearend 35 51
Key management personnel
Theinformationasrequiredisreflectedonpages9and10oftheAccountingAuthority’sreport - -
7�
28. FRUITLESS AND WASTEFUL EXPENDITURE
2009 2008R ‘000 R ‘000
Fruitlessandwastefulexpenditure 1 4
AnamountofR500.00isreflectedasfruitlessandwastefulexpenditure in thecurrentfinancialyear.TheR500.00wasatrafficfineimposedbythemunicipalityforlatepaymentofavehiclelicence.
29. EXTERNAL AUDIT FEE
2009 2008R ‘000 R ‘000
Fees 271 202
30. IMPAIRMENT OF ASSETS
2009 2008R ‘000 R ‘000
ImpairmentsProperty,plantandequipment 6 -
31. PRIOR PERIOD ERROR
Theprioryearfigureshavebeenadjustedwiththecorrectionofanerror.TheCompetitionTribunalhadpreviouslynotcompliedinallinstanceswiththerequirementsofIAS16relatingtotheassessingofusefullifeandresidualvaluesofcertainproperty,plantandequipmentattheendofeachfinancialyearandhasalsonotcompliedwiththerequirementsofIAS37relatingtoprovisions.
TheTribunalhasrecognisedtheexpenseofperformancebonusesintherelevantfinancialperiodinwhichthebonuswaspaidanddidnotrecognisethebonusintherelevantfinancialperiodinwhichthebonusrelatedto.
Theeffectoftheerrorswereasfollows:
2008R ‘000
Adjustment to surplus for 1 April 2006 - 31 March 2007 (223)
Adjustment to property, plant and equipmentDecreaseindepreciation (48)Decreaseinaccumulateddepreciation 48
Adjustment to provisions Increaseinprovisionforperformancebonus (271)Increaseinemployeeexpenses 271
NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2009
Financial Statements
7�
for the year ended 31 March 2009Adjustment to surplus for 1 April 2007 - 31 March 2008 (38)
Adjustment to property, plant and equipmentDecreaseindepreciation (7)Decreaseinaccumulateddepreciation 7
Adjustment to provisionsIncreaseinprovisionforperformancebonus (45)Increaseinemployeeexpenses 45
Adjustment to opening retained earnings - 01 April 2008 (261)
32. CONTINGENT LIABILITY
AsapprovalhasnotyetbeenreceivedfromNationalTreasurytoretainaccumulatedsurplusesasat31stMarch2009thisamountisregardedasacontingentliability.
33. COMPARATIVE FIGURES
InNote7the“basicsalaries”figureof2008wasreclassifiedtoexcludefeespaidtopart-timeTribunalmembers.ThesewereincludedinNote11under“consultants,contractorsandspecialservices”.
In addition “other non pensionable allowances” were adjusted to include those paid to key managementpersonal-thesewerepreviouslyincludedin“basicsalaries”.
Theeffectsofthereclassificationareasfollows:
2009 2008Statement of financial performance R ‘000 R ‘000
Basicsalariespreviouslystated - 2936Decreaseduetoreclassificationoffeespaidtopart-timemembers - (1534)Increaseduetoreclassificationofnon-pensionableallowance - 399Basicsalariesrestated - 1801
74 7574 75
TheAuditCommitteereportsthatithascompliedwithitsresponsibilitiesarisingfromsection55(1)(b)ofthePFMAandTreasuryRegulations27.1.7and27.1.10(b)and(c).
Audit committee members and attendance
TheAuditCommitteeoftheCompetitionTribunal(the“Committee”)consistsofthememberslistedhereunderandisrequiredtomeetfourtimesperannumasperitsapprovedtermsofreference.Duringtheyearunderreviewfivemeetingswereheld.TheCommittee’smeetingshave regularly included the internalauditorsand representatives from theAuditorGeneral’sOffice.
Name of member Attended HeldN.Tshombe(Chairperson)(resigned21July2008) Nonexecutive 2 2
J.Armstrong(resigned11March2009) Nonexecutive 1 5
J.Rapoo(Chairperson)(appointed1May2007) Nonexecutive 5 5
MNaidoo(appointed1September2007) Nonexecutive 5 5
H.deJager(appointed30September2008) Nonexecutive 2 3
V.Nondabula(appointed30September2008) Nonexecutive 2 3
DLewis(TribunalChairperson) Executive 2 5
JdeKlerk(HeadofCorporateServices) Executive 5 5
Audit committee responsibility
TheAuditCommitteealsoreportsthatithasadoptedappropriateformaltermsofreferenceasitsauditcommitteecharter,hasregulateditsaffairs incompliancewith thischarterandhasdischargedall itsresponsibilitiesascontainedtherein.
Accordingly,theCommitteeoperatesinaccordancewiththetermsofthesaidcharterandissatisfiedthatithasdischargeditsresponsibilitiesincompliancetherewith.
The quality of in year management and monthly/quarterly reports submitted in terms of the PFMA and the Division of Revenue Act.
TheAuditCommittee issatisfiedwith thecontentandqualityofmonthlyandquarterlyreportspreparedandissuedbytheAccountingAuthorityoftheTribunalduringtheyearunderreview.
Report of the Audit Committee
74 7574 75
The effectiveness of internal control
Thesystemofcontrolsisdesignedtoprovidecosteffectiveassurancethatassetsaresafeguardedandthatliabilitiesandworkingcapitalareefficientlymanaged.InlinewiththePFMAandtheKingIIReportonCorporateGovernancerequirements,InternalAuditprovidestheAuditCommitteeandmanagementwithassurancethattheinternalcontrolsareappropriateandeffective.Thisisachievedbymeansoftheriskmanagementprocess,aswellastheidentificationofcorrectiveactionsandsuggestedenhancementstothecontrolsandprocesses.FromthevariousreportsoftheInternalAuditors,theAuditReportontheannualfinancialstatementsbothanyqualificationand/ortheemphasisofmatter,andthemanagementletteroftheAuditor-General,itwasnotedthatnosignificantormaterialnoncompliancewithprescribedpoliciesandprocedureshavebeenreported.Accordingly,wecanreportthatthesystemofinternalcontrolfortheperiodunderreviewwasefficientandeffective.
Evaluation of annual financial statements
TheAuditCommitteehas:
• reviewedanddiscussedtheauditedannualfinancialstatementstobeincludedintheannualreport,withtheAuditor-GeneralandtheAccountingOfficer;
• reviewedtheAuditor-General’smanagementletterandmanagement’sresponsethereto;• reviewedchangesinaccountingpoliciesandpractices;and• reviewedsignificantadjustmentsresultingfromtheaudit.
TheAuditCommitteewouldliketohighlightthattheCompetitionTribunalishighlydependentontheapprovaloftheretentionofaccumulatedsurplusfromNationalTreasury,aswellastheapprovaloftheannualgrantsfromtheDepartmentofTradeandIndustryinordertomaintainitsgoingconcernstatus.
TheAuditCommitteeconcursandacceptstheAuditor-General’sconclusionsontheannualfinancialstatements,andisoftheopinionthattheauditedannualfinancialstatementsbeacceptedandreadtogetherwiththereportoftheAuditor-General.
Chairperson of the Audit CommitteeDate: 18 August 2009
76 7776 77
LARGE MERGERS
Case number Acquiring firm Target firm Decision
11/LM/Jan08 LibertyStarConsumerHoldings(Pty)Ltd FinlarFoods(Pty)Ltd Approvedinpreviousperiod,reasonsissuedinthisperiod
05/LM/Jan08 PowertechPropertiesandInvestments(Pty)Ltd
ABBPowertechTransformers(Pty)Ltd Approvedinpreviousperiod,reasonsissuedinthisperiod
14/LM/Jan08 Neotel(Pty)Ltd TranstelTelecoms(adivisionofTransnet)
Approvedinpreviousperiod,reasonsissuedinthisperiod
124/LM/Nov07 SabidoInvestments(Pty)Ltd SasaniAfrica(Pty)Ltd Approvedinpreviousperiod,reasonsissuedinthisperiod
07/LM/Jan08 SherpaTradeandInvest51(Pty)Ltd TradebushInvestmentsNo.123(Pty)Ltd
Approvedinpreviousperiod,reasonsissuedinthisperiod
08/LM/Jan08 UmlingoTradeandInvest71(Pty)Ltd MiningCapitalEquipmentBusiness,adivisionofLongyearSA(Pty)Ltd
Approvedinpreviousperiod,reasonsissuedinthisperiod
12/LM/Jan08 VodacomServiceProviderCompany(Pty)Ltd
GlobalTelematicsSA(Pty)LtdandGlocellServiceProviderCompany(Pty)Ltd
Approvedinpreviousperiod,reasonsissuedinthisperiod
59/LM/May08 AbsaGroupLimited WoolworthsFinancialServices(Pty)Ltd Approved
33/LM/Apr08 AltronFinance(Pty)Ltd AeromaritimeInternationalManagementServices(Pty)Ltd
Approved
32/LM/Apr08 AquariusPlatinum(SA)CorporateServices(Pty)Ltd
PlatinumMineResources(Pty)Ltd Approved
76/LM/Jul08 BAESystemsLandSystemsSA(Pty)Ltd ISTDynamics(Pty)Ltd Approved
31/LM/Apr08 BarloworldInvestments(Pty)Ltd NMIDurbanSouthMotors(Pty)Ltd Approved
17/LM/Feb08 Brandco,CurrentlyHeineken(Pty)LtdandDiageoSouthAfrica(Pty)Ltd
BrandhouseBeverages(Pty)LtdandtheAmstelLicence
Approved
39/LM/Apr08 Brandcorp(Pty)Ltd ToolquipBusinessElliesPutziger Approved
64/LM/May08 BytesTechnologyGroupSouthAfrica(Pty)Ltd
NorStationeryWholesalers(Pty)LtdAndNorPaper(Pty)Ltd
Approved
42/LM/Apr08 ChemicalServiceLimited ChemfitIndustrialHoldings(Pty)Ltd Approved
26/LM/Mar08 Dairybelle(Pty)Ltd DairyWorld(Pty)Ltd&DairyWorldProperties(Pty)Ltd
Approved
41/LM/Apr08 DubaiWorldAfricaConservationFZE BusinessVentureInvestmentsNo.1145(Pty)Ltd
Approved
Appendix A
76 7776 77
Case number Acquiring firm Target firm Decision
67/LM/Jun08 DufercoInvestmentPartnersInc. HighveldSteelandVanadiumCorporationLimitedinrelationtoitsVanchemOperation,SouthAfricaJapanVanadium(Pty)LtdandMapochsMine(Pty)Ltd
Approved
52/LM/May08 GeorgiaAvenueInvestments109(Pty)Ltd
MettleHoldco(Pty)Ltd Approved
63/LM/May08 GrindrodLimited OreportHoldings(Pty)Ltd Approved
70/LM/Jun08 HewlettPackardCompany ElectronicDataSystemsCorporation Approved
35/LM/Apr08 InvestecBankLimited ClidetNo.808(Pty)Ltd Approved
10/LM/Jan08 MCubedLifeLimited AlternativeChannelLimited Approved
56/LM/May08 MacsteelServicesCentresSA(Pty)Ltd HarveyRoofingProducts Approved
16/LM/Feb08 MainStreet251(Pty)Ltd TheHouseofBusbyLimited Approved
48/LM/Apr08 MainStreet646(Pty)Ltd AlstomSA(Pty)Ltd Approved
28/LM/Mar08 MvelaphandaHoldings(Pty)Ltd QueensgateLeisureHoldings(Pty)Ltd Approved
22/LM/Feb08 Newco SquiresFood(Pty)Ltd Approved
34/LM/Apr08 Newshelf926(Pty)Ltd MoepiGroup(Pty)Ltd Approved
27/LM/Mar08 PangbournePropertiesLimited IFourPropertiesLimited Approved
72/LM/Jun08 PorcheAutomobilHoldingSE VolkswagenAG Approved
66/LM/Jun08 PrimetimeTrading6(Pty)Ltd TourismInvestmentsCorporationLimited
Approved
45/LM/Apr08 PSGFinancialServicesLimited ZSRationalHoldings(Pty)LtdQuinceScripfin(Pty)Ltd
Approved
53/LM/May08 PurpleMoss25(Pty)LtdandFIFunding InvestmentsHoldco(Pty)Ltd Approved
30/LM/Apr08 RCSInvestmentHoldings(Pty)Ltd Massdiscounters,adivisionofMassstores(Pty)Ltd
Approved
65/LM/May08 ResilientPropertyIncomeFundLimited DiversifiedPropertyFundLimited Approved
44/LM/Apr08 ReunertLimited QuinceCapitalHoldingsLimited Approved
49/LM/Apr08 RTZZelpy4975(Pty)Ltd DavitaTrading(Pty)Ltd Approved
29/LM/Apr08 SaudiTelecomCompany OrgerTelecomLtd Approved
43/LM/Apr08 Stefanutti&BressanHoldingsLimited StocksLimited Approved
19/LM/Feb08 StocksBuildingAfrica(Pty)Ltd HousingAfricaDevelopment(Pty)Ltd Approved
46/LM/Apr08 TataMotorsLimited JaguarLandRover Approved
47/LM/Apr08 VolkswagenAktiengesellschaft ScaniaAktiebolag Approved
25/LM/Mar08 PangbournePropertiesLimited SiyathengaPropertyFundLimited Approved
69/LM/Jun08 ZunguInvestmentsCompany(Pty)Ltd AfricaVanguardResources(Pty)Ltd Approved
82/LM/Jul08 HoskenConsolidatedInvestmentsLtd SeardelInvestmentCorporationLimited Approved
58/LM/May08 AdcorpStaffingSolutions(Pty)Ltd StaffUNeed(Pty)Ltd Approved
60/LM/May08 Media24Limited UppercaseMedia(Pty)Ltd Approved
68/LM/Jun08 GovernmentEmployeesPensionFund TrevennaPrecinctOfficeDevelopment Approved
73/LM/Jun08 MasscashHoldings(Pty)Ltd FranklinGeorgeLarkinsT/ATopSpotSupermarket
Approved
80/LM/Jul08 Lexshell99Generaltrading(Pty)Ltd SpringboklaagteMining(Pty)Ltd Approved
78/LM/Jul08 ShockProofInvestments145(Pty)Ltd IntakaManufactures(Pty)Ltd Approved
79/LM/Jul08 AcucapPropertiesLimited Parkdev(Pty)Ltd Approved
98/LM/Sep08 Aveng(Africa)Ltd Keyplan(Pty)Ltd Approved
83/LM/Jul08 Lexshell38GeneralTrading(Pty)Ltd&ClidetNo.832(Pty)Ltd
RichtrauNo.123(Pty)Ltd Approved
84/LM/Augl08 AbsaBankLimited BallitoJunctionDevelopment(Pty)Ltd Approved
78 7978 79
Case number Acquiring firm Target firm Decision
87/LM/Aug08 AbsaBankLimited RetailAfricaWingspanInvestments(Pty)Ltd
Approved
96/LM/Aug08 ToyotaTsushoCorporation SubaruSouthernAfrica(Pty)Ltd Approved
90/LM/Aug08 AttacqPropertyFundLimited WaterfallPropertyDevelopment Approved
102/LM/Sep08 MoodyBlueTradeandInvest147(Pty)Ltd
SouthAfricanRollCompany(Pty)Ltd Approved
92/LM/Aug08 RZTZelpy5504(Pty)Ltd DynamicBedding(Pty)LtdandDynaMattress(Pty)Ltd
Approved
99/LM/Sep08 OldMutualLifeAssuranceCompanySALimited
IdwalaIndustrialHoldings(Pty)Ltd Approved
105/LM/Oct08 KagisoMediaLimited UrbanBrewStudio(Pty)Ltd Approved
86/LM/Aug08 PinnaclePointHoldings(Pty)Ltd,NewPortFinanceCompany(Pty)Ltd,PropertyPromotionsandManagement(Pty)Ltd,RakeenDevelopmentPJSC,AssetManagementLimited
Aco-RossHoldingsLimited Approved
54/LM/May08 CaluloPetrochemicals(Pty)Ltd AutomatedFuelSystemsGroup(Pty)Ltd
Approved
112/LM/Oct08 ScarletSkyInvestments36(Pty)Ltd MeletseBigFiveReserveandGolfEstateDevelopment
Approved
110/LM/Oct08 JDGTrading(Pty)Ltd BlakeandAssociatesHoldings(Pty)Ltd Approved
118/LM/Nov08 AbsaBankLimited AbseqProperties(Pty)LtdandCertainAssetsofEquityEstates(Pty)Ltd
Approved
91/LM/Aug08 MasscashHoldings(Pty)Ltd BrettFour(Pty)Ltd Approved
104/LM/Sep08 VmedicalSolutions(Pty)Ltd NeilHarvey&Associates(Pty)Ltd,UniquePaymentServices(Pty)Ltd,Careware(Pty)LtdAndZieto(Pty)Ltd
Approved
117/LM/Oct08 OldMutualLifeAssuranceCompanySALtd
XDVInvestments Approved
119/LM/Nov08 BankofAmericaCorporation MerrillLynch&Co.Inc Approved
115/LM/Oct08 OptimumCoalHoldings(Pty)Ltd AkaResources(Pty)Ltd Approved
71/LM/Jun08 OldMutualInvestmentGroupSouthAfrica(Pty)Ltd
FuturegrowthAssetManagement(Pty)Ltd
Approved
94/LM/Aug08 IndustrialElectronicInvestmentsLimited CIETelecommunications(Pty)Ltd Approved
101/LM/Sep08 HulaminOperations(Pty)Ltd Hulett-HydroExtrusions(Pty)Ltd Approved
111/LM/Oct08 JDGTrading(Pty)Ltd MaravediGroup(Pty)Ltd Approved
124/LM/Nov08 RustenburgPlatinumMinesLimited ChangingTides166(Pty)Ltd Approved
120/LM/Nov08 TheIndustrialDevelopmentCorporationofSouthAfricaLimited
WMEachusandCompany(Pty)Ltd Approved
89/LM/Aug08 ChannelLifeLimited RentmeesterAssuranceLimited Approved
93/LM/Aug08 ParetoLimited B&BEindomme(Pty)Ltd Approved
106/LM/Oct08 NewClicksSouthAfrica(Pty)Ltd SharpMoveTrading107(Pty)LtdAndDirectPatientSupport(Pty)Ltd
Approved
123/LM/Nov08 TheFirstrandBankLimited UnitransMotors(Pty)Ltd Approved
114/LM/Oct08 CapitalPropertyFund MonyeltaPropertyFundLimited Approved
116/LM/Oct08 TheGovernmentEmployeesPensionFund
CertainPropertiesInTheZenpropPortfolio
Approved
133/LM/Dec08 AbsaBankLimited CulemborgInvestmentProperties(Pty)Ltd
Approved
122/LM/Nov08 TheCommissionersofherMajesty’sTreasury
TheRoyalBankOfScotlandGroupPLC
Approved
78 7978 79
Case number Acquiring firm Target firm Decision
107/LM/Oct08 MobileTelephoneNetworksHoldings(Pty)Ltd
ItalkCellular(Pty)Ltd Approved
113/LM/Oct08 Vodacom(Pty)Ltd StorageTechnologyServices(Pty)Ltd Approved
132/LM/Dec08 UkhambaHoldings(Pty)Ltd PragmaAfrica(Pty)Ltd Approved
11/LM/Jan09 Clidetno.817(Pty)Ltd AmalgamatedBeveragesIndustries Approved
81/LM/Jul08 MobileTelephoneNetworkHoldings(Pty)Ltd
VerizonSouthAfrica(Pty)Ltd Approved
09/LM/Jan09 InvestecBankLimited Anglo–V3CraneHire(Pty)Ltd Approved
10/LM/Jan09 OldMutual(SouthAfrica)Limited MedschemeLifeAssuranceLimited Approved
128/LM/Dec08 AfricanRevivalInvestmentsHoldings(Pty)Ltd
SiyahambaEngineering(Pty)Ltd Approved
130/LM/Dec08 BusinessVentureInvestmentsNo.1311(Pty)Ltd
SeaHarvestCorporationLimited Approved
16/LM/Feb09 PremierMotorHoldingsadivisionofImperialGroup
KeyTruck&Car(Airport)(Pty)Ltd Approved
136/LM/Dec08 BasfHandels-UndExportgesellschaftMBH
CIBAHoldingsAG Approved
126/LM/Dec08 SteinhoffDoorsandBuildingMaterials(Pty)LtdandSteinbuildProperties(Pty)Ltd
HomeCentre(Pty)Ltd Approved
121/LM/Nov08 ShandukaCoal(Pty)Ltd SpringlakeHoldings(Pty)Ltd Approved
135/LM/Dec08 VodafoneGroupPlc VodacomGroup(Pty)Ltd Approved
05/LM/Jan09 RioTintoPlcandRioTintoLimited BHPBillitonSAHoldingsBV.AndRichardsBayMining(Pty)LtdandRichardsBayTitanium(Pty)Ltd
Approved
12/LM/Jan09 MTNGroupLimited Newshelf664(Pty)Ltd Approved
109/LM/Oct08 LafargeSouthAfricaHoldings(Pty)Ltd AshResources(Pty)Ltd Approved
108/LM/Oct08 DCD-Dorbyl(Pty)Ltd GlobeEngineeringWorks(Pty)Ltd Conditionalapproval
01/LM/Jan09 ApexhiPropertiesLimited BusinessVentureInvestmentNo.1232(Pty)Ltd
Conditionalapproval
13/LM/Jan08 ScawSouthAfrica(Pty)Ltd OzzIndustrial(Pty)Ltd Conditionalapproval
128/LM/Nov07 InvestecBankLimited RJSouthey(Pty)Ltd Conditionalapproval
61/LM/May08 Aveng(Africa)Limited WireProducts(Pty)Ltdandothers Withdrawn15Sep08
62/LM/May08 BHPBillitonPlcandBHPBillitonLimited RioTintoPlcandRioTintoLimited Withdrawn27Nov08
02/LM/Jan09 Clidetno.851(Pty)Ltd SunshineCashandCarryCC Hearingdatesstilltobeset
127/LM/Dec08 AspenPharmacareHoldingsLimited FineChemicalsCorporation(Pty)Ltd Hearingdatesstilltobeset
17/LM/Feb09 ManAG VolkswagenCaminhoeseEOmnibusIndustrialEComercioDeVeiculosComerciasisLtdA,RuaVolkswagenNo.291,7th8&9
Hearingdatesstilltobeset
25/LM/Feb09 PahanaInvestments93(Pty)Ltd PahanaInvestments91(Pty)Ltd Hearingdatesstilltobeset
27/LM/Feb09 RZTZelpy5506(Pty)Ltd SeesaLimited Hearingdatesstilltobeset
09/LM/Jan08 RZTZelpy5260(Pty)Ltd InnovativeMiningProducts(Pty)Ltd Hearingdatesstilltobeset
80
INTERMEDIATE MERGERS
Case number Applicant Respondent Decision
39/AM/May06 PrimediaLimited CapricornCapitalPartners(Pty)LtdandNewAfricaInvestmentsLimited
Approved
133/AM/Dec07 YaraInternationalASAandKemiraGrowhowOYJ
CompetitionCommission Approved
88/AM/Aug08 CapeGoldHoldings(Pty)LtdandUniversalRecyclingCompany(Pty)LtdandUniversalMetalShredding(Pty)Ltd
CompetitionCommission Stilltobeheard
13/AM/Jan09 MuchAsphalt(Pty)LtdandGautengAsphalt(Pty)Ltd,RoadSeal(Pty)Ltd&RoadsealProperties(Pty)Ltd
CompetitionCommission Oneprehearingheld
Appendix B
81
RESTRICTIVE PRACTICES
COMPLAINT REFERRALS FROM COMMISSION
Case Number Complainant Respondent Decision
05/CR/Feb0555/CR/Jun05
CompetitionCommission,JTInternationalSA(Pty)Ltd
BritishAmericanTobaccoSA(Pty)Ltd Decisionpending
17/CR/Mar05 CompetitionCommission,Tracetec
Netstar(Pty)Ltdand2others Hearingstocontinue
110/CR/Dec06 CompetitionCommission SenwesLtd Incontraventionofsec8(c)oftheAct
94/CR/Nov04 CompetitionCommission NampakLtd Withdrawn27Feb09
94/CR/Nov0442/CR/May05
CompetitionCommissionandEnviroglassDivisionoftheReclamationGroup(Pty)Ltd
Consol(Pty)Ltd,Nampak(Pty)Ltd,MetalBoxSALtd
Withdrawn11&14Aug08
50/CR/May08 CompetitionCommission PioneerFoods(Pty)Ltd Hearingdatesstilltobeset
74/CR/Jun08 CompetitionCommission AstralOperationLimitedandEliteBreedingFarms Hearingdatesstilltobeset
97/CR/Sep08 CompetitionCommission BMWSouthAfrica(Pty)Ltdt/aBMWMotorradand13others
Hearingdatesstilltobeset
103/CR/Sep08 CompetitionCommission Loungefoam(Pty)Ltd,Vitafoam(Pty)Ltd,FeltexAutomotive(Pty)Ltd,SteinhoffInternationalHoldingsLtdandKAPInternationalHoldingsLtd
Hearingdatesstilltobeset
129/CR/Dec08 CompetitionCommission RooibosLtd,NationalBrandsLtd,CoffeeTea&ChocolateCompany(Pty)Ltd,UnileverSAFoods(Pty)LtdandJoekelsTeaPackersCC
Hearingdatesstilltobeset
23/CR/Feb09 CompetitionCommission Rocla(Pty)Ltdand9others Hearingdatesstilltobeset
15/CR/Feb09 CompetitionCommission DPIPlastics(Pty)Ltdandothers Hearingdatesstilltobeset
111/CR/Oct07 CompetitionCommission KomatilandForests(Pty)Ltdand10others Hearingdatesstilltobeset
134/CR/Dec07 CompetitionCommission SABreweriesLtdand12others Hearingdatesstilltobeset
80/CR/Jul07 CompetitionCommission MobileTelephoneNetworks(Pty)Ltd Hearingdatesstilltobeset
CONSENT ORDERS
Case Number Complainant Respondent Decision
49/CR/Apr00 CompetitionCommissioninreBotAshandChemserve
AmericanNaturalSodaAsh&CHGGlobal(Pty)Ltd
Denied
49/CR/Apr00 CompetitionCommissioninreBotAshandChemserve
AmericanNaturalSodaAsh&CHGGlobal(Pty)Ltd
FinedR9696846.96
37/CR/Apr08 CompetitionCommission TheNewReclamationGroup(Pty)Ltd FinedR145972065.00
20/CR/Feb08 CompetitionCommission AdcockIngramCriticalCare(Pty)Ltd,TigerBrandsLimited
FinedR53502800.00
Appendix B Appendix C
8�
Case Number Complainant Respondent Decision
50/CR/May08 CompetitionCommission Foodcorp FinedR45406359.82
103/CR/Dec06 CompetitionCommission LancewoodCheese(Pty)Ltd FinedR100000.00
20/CR/Feb08 CompetitionCommission DismedCriticare(Pty)Ltd FinedR1277057.88
20/CR/Feb08 CompetitionCommission ThusanongHealthcare(Pty)Ltd FinedR287415.75
24/CR/Feb09 CompetitionCommission Aveng(Africa)Ltd FinedR46277000.00
COMPLAINT REFERRALS FROM A COMPLAINANT
Case Number Complainant Respondent Decision
83/CR/Aug0480/CR/Sep06
ComairLimited,NationwideAirlines(Pty)Ltd
SouthAfricanAirways(Pty)Ltd Hearingstocontinue
23/CR/Feb08 ChemicalSpecialitiesLtd VWSA,BMWSA,DaimlerChryslerSA
Withdrawn24Apr08
51/CR/May08 TonyMcKeever SARugby(Pty)Ltd Hearingdatestilltobeset
77/CR/Jul08 AmatoleCommunicationServices(Pty)Ltd CellC Hearingdatestilltobeset
95/CR/Aug08 FiveStarWorldT/AFiveStarTours SouthAfricanAirways(Pty)Ltd Hearingdatestilltobeset
100/CR/Sep08 JoshuaDlamini IndustrialDevelopmentCorporationandCompetitionCommission
Hearingdatestilltobeset
125/CR/Nov08 EntelligenceLimited GoogleSouthAfrica(Pty)LtdandGoogleIrelandLtd
Hearingdatestilltobeset
07/CR/Jan09 SurgiSportTechnologiesCC NewClicksHoldingsLtd Hearingdatestilltobeset
26/CR/Feb09 RukananiDistributors CocaColaFortune(Pty)Ltd Hearingdatestilltobeset
30/CR/Mar09 AndréAllersofElectronicInstallersAssociationsofSouthAfrica(tradingasEIASA)
MakroRetailStores,GameRetailStores,PicknPayRetailStores,MultichoicesSouthAfricaStores
Hearingdatestilltobeset
44/CR/May07 CharterPropertySales TheSaturdayStarPropertyGuide Hearingdatestilltobeset
49/CR/May07 FrederickJohannesvanZyl PorscheCentre(SA) Hearingdatestilltobeset
64/CR/Jun07 AccurateTrading34(Pty)Ltd&Others NedbankLimited Hearingdatestilltobeset
68/CR/Jul07 ChrisPearsonPropertiesCC,BradPearsonPropertiesCC,C&IJPearsonPropertiesCC&FreefallTrading211(Pty)Ltd
DigitalServiceCentrePentagraphixCC
Hearingdatestilltobeset
84/CR/Aug07 RayLeonard&others NedbankLtd&others Hearingdatestilltobeset
101/CR/Sep07 EgoliTissueLtd SappiFinePapers(Pty)Ltd Hearingdatestilltobeset
106/CR/Oct07 SouthAfricanTowing&RecoveryAssociation&others
EkurhuleniMetropolitanMunicipalityand5others
Hearingdatestilltobeset
01/CR/Jan08 PeterScott,MrVideo(Pty)Ltd NuMetroHomeEntertainment Hearingdatestilltobeset
INTERIM RELIEF
Case Number Applicant Respondent Decision
06/IR/Jan09 DimensionData(Pty)Ltd TelkomSALtd Withdrawn20Jan09
14/IR/Jan09 DimensionData(Pty)Ltd TelkomSALtd Hearingdatestilltobeset
34/IR/Apr07 NationalRentalAssociationofSouthAfrica
CityPropertiesandothers Hearingdatestilltobeset
56/IR/Jun07 MultichoiceSubscriberManagementServices(Pty)Ltd
TelkomSALtd Hearingdatestilltobeset
112/IR/Nov07 Longain1Investments(Pty)Ltdt/aFlexicell
VodacomGroup(Pty)Ltd Hearingdatestilltobeset
PROCEDURAL MATTERS
8�
Case Number Applicant Respondent Type Decision
09/CR/Jan07 CompetitionCommission
AllenMeshco(Pty)Ltdand4others Pointsinlimine(Prescription)
Dismissed
69/AM/Jul07 ACWhitcher(Pty)Ltd TheCompetitionCommission,MTOForestry(Pty)Ltd,BoskorSaagmeule(Pty)LtdandBoskorRipplant(Pty)Ltd
Reviewapplication Dismissed
103/CR/Dec06 CompetitionCommission
CloverIndustriesLtdand7others Pointsinlimine Dismissed
31/CR/May05&45/CR/May06
CompetitionCommission
SasolChemicalIndustriesLtd,KynochFertilizer(Pty)LtdandOmniaFertilizerLtd
Amendmentapplication Decidedinpreviousperiod,reasonsissuedinthisperiod
31/CR/May05&45/CR/May06
CompetitionCommission
SasolChemicalIndustriesLtd,KynochFertilizer(Pty)LtdandOmniaFertilizerLtd
Applicationtostrikeout Decidedinpreviousperiod,reasonsissuedinthisperiod
31/CR/May05&45/CR/May06
CompetitionCommission
SasolChemicalIndustriesLtd,KynochFertilizer(Pty)LtdandOmniaFertilizerLtd
Applicationforcosts Decidedinpreviousperiod,reasonsissuedinthisperiod
31/CR/May05&45/CR/May06
CompetitionCommission
SasolChemicalIndustriesLtd,KynochFertilizer(Pty)LtdandOmniaFertilizerLtd
Dismissalapplication Decidedinpreviousperiod,reasonsissuedinthisperiod
103/CR/Dec06 CompetitionCommission
CloverIndustriesLtdand7others Separationofissues Dismissed
84/CR/Aug07 RayLeonard&others NedbankLtdandothers Stayapplication Dismissed
31/CR/May05 CompetitionCommission
SasolChemicalIndustriesLtd,KynochFertilizer(Pty)Ltd,OmniaFertilizerLtd
Amendmentapplication Granted
38/CR/Apr08 CompetitionCommission
Bonheur50GeneralTrading(Pty)LtdandKomatilandForests(Pty)Ltd
Failuretonotify FinedR500000
09/CR/Jan07 CompetitionCommission
AllenMeshco(Pty)Ltdand4others Discoveryapplication Settledbyparties
103/CR/Dec06 CompetitionCommission
CloverIndustriesLtdand7others Discovery Granted
13/LM/Apr08 ScawSouthAfrica(Pty)Ltd
OzzIndustrial(Pty)Ltd ExtensionApplication Granted
75/X/Jul08 LaritzaInvestments190(Pty)Ltd
ImperialMcCarthy(Pty)Ltd Filingfeerefund Granted
128/LM/Nov07 CompetitionCommission
InvestecBankLimitedandRJSouthey(Pty)Ltd
ExtensionApplication Settledbyparties
77/CR/Jul08 CellC AmatoleCommunicationServices(Pty)Ltd
Exception Hearingdatestilltobeset
74/CR/Jun08 SupremePoultry(Pty)Ltd,CountryBird(Pty)Ltd
CompetitionCommission,AstralOperationLimitedandEliteBreedingFarms
Interventionapplication Withdrawn28Nov08
Appendix DPROCEDURAL MATTERS
84
Case Number Applicant Respondent Type Decision
62/LM/May08 BHPBillitonPlcandBHPBillitonLimitedandRioTintoPlcandRioTintoLimited
CompetitionCommission Subpoenachallenge Withdrawn29Aug08
16/CR/Feb07 SaturdayStarPropertyGuide
CharterPropertySalesandEastCapePropertyGuide
Dismissalapplication Dismissed
31/CR/May0545/CR/May06
CompetitionCommission
Sasol ConsolidationApplication
Dismissed
16/CR/Feb07 EastCapePropertyGuide
CharterPropertySalesandSaturdayStarPropertyGuide
Dismissalapplication Dismissed
128/LM/Nov07 InvestecBankLimited RJSouthey(Pty)Ltd Variationorder Granted
81/LM/Aug08 AlliedTechnologiesLtd MTN,Verizon,CompetitionCommission
Interventionapplication(Costsorder)
Costsorderissued
103/CR/Dec06 WoodlandsDairy(Pty)LtdandMilkwoodDairy(Pty)Ltd
CompetitionCommissionandothers Pointinlimine Dismissed
81/LM/Jul08 MobileTelephoneNetworkHoldings(Pty)Ltd
VerizonSouthAfrica(Pty)Ltd Discoveryapplication Granted
107/LM/Oct08 HugeGroupLtdMobileTelephoneNetworksHoldings(Pty)LtdAndItalkCellular(Pty)Ltd
Interventionapplication Granted
15/CR/Feb0750/CR/May08
CompetitionCommission
PioneerFoods(Pty)LtdConsolidationapplication
Granted
137/X/Dec08 GemaltoSA CompetitionCommission Filingfeerefund Granted
31/CR/May0545/CR/May06
CompetitionCommission
SasolandothersConsolidationapplication
Hearingdatestilltobeset
16/CR/Feb07 CharterPropertySalesEastCapePropertyGuideandSaturdayStarPropertyGuide
ApplicationtoreferbacktoComission
Dismissed
80/AM/Oct04LondolozaForestryConsortium(Pty)Limited
Bonheur50GeneralTrading(Pty)Limitedandothers
CostsorderHearingdatestilltobeset
18/X/Feb09PPGCoatingsSouthAfrica(Pty)Ltd
CompetitionCommission Filingfeerefund Granted
125/CR/Nov08 EntelligenceLimitedGoogleSouthAfrica(Pty)LtdandGoogleIrelandLtd
AmendmentapplicationHearingdatestilltobeset
110/CR/Dec06CompetitionCommission
SenwesLimited Stayapplication Granted
15/CR/Feb0750/CR/Feb07
PioneerFoods(Pty)Ltd CompetitionCommission DiscoveryHearingdatestilltobeset
97/CR/Sep08CompetitionCommission
BMWSouthAfrica(Pty)Ltdt/aBMWMotorradand13others
AmendmentapplicationHearingdatestilltobeset
103/CR/Sep08 CompetitionCommission
Loungefoam(Pty)Ltd,Vitafoam(Pty)Ltd,FeltexAutomotive(Pty)Ltd,SteinhoffInternationalHoldingsLtd&KAPInternationalHoldingsLtd
Joinderandamendmentapplication
Hearingdatestilltobeset
129/CR/Dec08 CompetitionCommission
RooibosLtd,NationalBrandsLtd,CoffeeTea&ChocolateCompany(Pty)Ltd,UnileverSAFoods(Pty)LtdandJoekelsTeaPackersCC
Exception Hearingdatestilltobeset
85
DORMANT CASES
LARGE MERGER
Case Number Acquiring Firm Target Firm Date
84/LM/Sep05 MainStreet301(Pty)Ltd NationalCerealHoldings(Pty)Ltd 06Sep05
60/LM/Jul06 MilaNutri(Pty)Ltd Yara(SA)(Pty)Ltd 25Jul06
101/LM/Nov06 PaarlMediaHoldings(Pty)Ltd Printability(Pty)Ltd 04Dec06
COMPLAINT REFERRALS FROM THE COMPETITION COMMISSION
Case Number Complainant Respondent Date
08/CR/Jul07 CompetitionCommission IscorLtd&6Others 15Jan07
31/CR/May05 CompetitionCommission SasolChemicalIndustriesLtd,KynochFertilizer(Pty)Ltd,OmniaFertilizerLtd
04May05
19/CR/Mar05 CompetitionCommission NationwideAirlines(Pty)(Ltd) 18Mar05
103/CR/Dec06 CompetitionCommission CloverIndustriesLtdand7others 07Dec06
45/CR/May06 CompetitionCommission SasolChemicalIndustries(Pty)Ltd,YaraSouthAfrica(Pty)Ltd&AfricanExplosivesChemicalIndustriesLtd
25May06
18/CR/Mar05 CompetitionCommission AssaAbloy(SA)(Pty)Ltdand14others 16Mar05
09/CR/Jan07 CompetitionCommission AllenMeshco(Pty)Ltd&andothers 15Jan07
11/CR/Feb04 CompetitionCommission Telkom 27Feb04
Appendix E
86
COMPLAINT REFERRALS FROM A COMPLAINANT
Case Number Complainant Respondent Date
16/CR/Feb07 CharterPropertySales EastCapePropertyGuide 19Feb07
39/CRMay05 ComairLtd SouthAfricanAirways(Pty)(Ltd) 13May05
64/CR/Aug06 EbrahimMoosa VillaniShoes 03Aug06
35/CR/Apr04 PlatinumHoldings(Pty)Ltd,Unitrade1152CC,PlatinumClothingWaterfront267269CC,PlatinumClothingWaterfront229CC
Victoria&AlfredWaterfront(Pty)Ltd,V&AWaterfrontProperties(Pty)Ltd,CompetitionCommission
19Apr04
35/CR/Apr04 RecyclersAssociationofSA ScrapMetalExportPermitPolicyImplementationCommittee
23Apr04
40/CR/May04 OrionCellular(Pty)Ltd TelkomSALimited,StandardBankofSALimited,EdgarsConsolidatedStoresLimited
07May04
90/CR/Nov04 TeqplateManufacturingCC UniplateGroup(Pty)Ltd 11Nov04
57/CR/Jun05 AssociationforExploitedRetirement&MedicalAidFundMembers
SouthAfricanShort-TermIndustryasrepresentedbytheSouthAfricanInsuranceAssociation(SAIA)
22Jun05
19/CR/Mar04 Otherchoice(Pty)Ltdand6othersANDMultichoiceSA(Pty)Ltd
UECTechnologies(Pty)Ltd 25Mar04
20/CR/Mar04 CachecorpProcurement(Pty)Ltd SouthAfricanForestryCompanyLtd&KomatilandForest(Pty)Ltd
29Mar04
PROCEDURAL MATTERS
Case Number Applicant Respondent Type Date
31/CR/May05 CompetitionCommission SasolChemicalIndustriesLtd,KynochFertilizer(Pty)Ltd,OmniaFertilizerLtd
NoticeofException 03Aug06
08/CR/Jan07 CompetitionCommission IscorLtd&6others Condonationapplication 13Apr07
64/CR/Jun07 AccurateTrading34(Pty)Ltd&others
NedbankLimited Applicationtostrikeout 17Sep07
106/EA/Dec04 PaymentIssuesForumofSouthAfricanRetailers
CompetitionCommission Exemptionappeal 20Dec04
87
COMPETITION APPEAL COURT CASES
Appellant / Applicant Respondent Date of appeal Decision
JohnnicHoldingsLimited&MercantoInvestments(Pty)Ltd
CompetitionTribunal,CompetitionCommission&RupertSmith
30Mar2007Reviewedandsetaside
MittalSteelSouthAfricaLimitedHarmonyGoldMiningCompanyLimited,DurbanRoodepoortDeepLimited&MacsteelInternationalBV
19Apr2007 Pendingdecision
TWKAgricultureLimitedCompetitionCommission,NCTForestryCo-OperativeLimited,Shincel(Pty)Ltd&ShieldOverallManufacturers(Pty)Ltd
24Aug2007WithdrawninNovember2008
MittalSteelSouthAfricaLimitedMacsteelInternationalBV
HarmonyGoldMiningCompanyLimited,DurbanRoodepoortDeepLimited
21Feb2008
Judgmenthandeddownincourt,thereforenoreasonswillbereleased
NetworkHealthcareHoldingsLtd,CommunityHospitalGroup(Pty)Ltd
CompetitionCommission
03Apr2008Tribunal’sorderreviewedandsetasideNetworkHealthcareHoldings
Ltd,CommunityHospitalGroup(Pty)Ltd
NormanManoim,UrmilaBhoola,YasminCarrim,CompetitionTribunal&CompetitionCommission
RaymondLeonard,GlobalTechnologyInvestments(Pty)Ltd,AccurateTrading34(Pty)Ltd&AccurateTrading44(Pty)Ltd
NedbankLimited,StandardBankofSouthAfrica&GensecNSAEquityFundTrust
24Apr200810Jun2008
Hearingstilltobesetdown
AfricanMediaEntertainmentLimited
DavidLewis,NormanManoim,YasminCarrim,PrimediaLtd,CapriconCapitalPartners(Pty)Ltd,NewAfricaInvestmentsLtd&theCompetitionCommission
30May2008 Applicationdismissed
OmniaFertilizerLimited CompetitionCommission 11Jul2008 Pendingahearing
CloverIndustriesLtd&CloverSA(Pty)Ltd
CompetitionCommission,Parmalat(Pty)Ltd,LadismithCheese(Pty)Ltd,WoodlandsDairy(Pty)Ltd,Lancewood(Pty)Ltd,NestléSA(Pty)Ltd&MilkwoodDairy(Pty)Ltd
14Jul2008Appealandreviewapplicationdismissedwithcosts
LadismithCheese(Pty)Ltd
CompetitionCommission,CloverIndustriesLtd,CloverSA(Pty)Ltd,Parmalat(Pty)Ltd,WoodlandsDairy(Pty)Ltd,Lancewood(Pty)Ltd,NestléSA(Pty)Ltd&MilkwoodDairy(Pty)Ltd
15Jul2008Appealandreviewapplicationdismissedwithcosts
CloverIndustriesLtd&CloverSA(Pty)Ltd
DavidLewis,NormanManoim,YasminCarrim,CompetitionTribunal,CompetitionCommission,Parmalat(Pty)Ltd,LadismithCheese(Pty)Ltd,WoodlandsDairy(Pty)Ltd,Lancewood(Pty)Ltd,NestléSA(Pty)Ltd&MilkwoodDairy(Pty)Ltd
17Jul2008Appealandreviewapplicationdismissedwithcosts
ANSAC,CHCGlobal(Pty)LtdCompetitionCommission,BOTASH(Pty)Ltd,ChemserveTechnicalProducts(Pty)Ltd
04Sep2008WithdrawninNovember2008
Appendix F
88 89
Appellant / Applicant Respondent Date of appeal Decision
RJSouthey(Pty)Ltd,BarryJohnRoperWickins,ChristopherBruntNO,ChristopherKirkwoodNO,PeterRingelmannNO,ChristopherKirkwood&JohnGrantCarterDonaldson
TheChairpersonoftheCompetitionTribunal&InvestecBankLimited
19Sep2008WithdrawninOctober2008
CloverIndustriesLtd&CloverSA(Pty)Ltd
CompetitionCommission,Parmalat(Pty)Ltd,LadismithCheese(Pty)Ltd,WoodlandsDairy(Pty)Ltd,Lancewood(Pty)Ltd,NestléSA(Pty)Ltd&MilkwoodDairy(Pty)Ltd
01Oct2008Leavetoappealdismissedwithcosts
CloverIndustriesLtd&CloverSA(Pty)Ltd
DavidLewis,NormanManoim,YasminCarrim,CompetitionTribunal,CompetitionCommission,Parmalat(Pty)Ltd,LadismithCheese(Pty)Ltd,WoodlandsDairy(Pty)Ltd,Lancewood(Pty)Ltd,NestléSA(Pty)Ltd&MilkwoodDairy(Pty)Ltd
01Oct2008Leavetoappealdismissedwithcosts
WoodlandsDairy(Pty)Ltd&MilkwoodDairy(Pty)LtdCloverIndustriesLtd&CloverSA(Pty)LtdandLadismithCheese(Pty)Ltd
CompetitionCommission,Parmalat(Pty)Ltd,WoodlandsDairy(Pty)Ltd,Lancewood(Pty)Ltd,NestléSA(Pty)Ltd&MilkwoodDairy(Pty)Ltd
02Oct2008WithdrawninNovember2008
LadismithCheese(Pty)Ltd
CompetitionCommission,CloverIndustriesLtd,CloverSA(Pty)Ltd,Parmalat(Pty)Ltd,WoodlandsDairy(Pty)Ltd,Lancewood(Pty)Ltd,NestléSA(Pty)Ltd&MilkwoodDairy(Pty)Ltd
03Oct2008Leavetoappealdismissedwithcosts
Parmalat(Pty)LtdCloverIndustriesLtd&CloverSA(Pty)Ltd
DavidLewisandOthers 03Oct2008Leavetoappealdismissedwithcosts
Parmalat(Pty)LtdLadismithCheese(Pty)Ltd
CompetitionCommissionandothers 03Oct2008Leavetoappealdismissedwithcosts
ACWhitcher(Pty)LtdCompetitionCommission,MTOForestry(Pty)Ltd,BoskorSaagmeule(Pty)Ltd&BoskorRipplant(Pty)Ltd
07Jan2009 Pendingahearing
AlliedTechnologiesLimitedMobileTelephoneNetworksHoldings(Pty)Ltd,VerizonSA(Pty)Ltd&theCompetitionCommission
30Jan2009WithdrawninFebruary2009
AlliedTechnologiesLimitedMobileTelephoneNetworksHoldings(Pty)Ltd,VerizonSA(Pty)Ltd,theCompetitionCommission,NManoimN.O.,YCarrimN.O.&UBhoolaN.O.
30Jan2009WithdrawninFebruary2009
SenwesLimited CompetitionCommission 23Feb2009Hearingstilltobesetdown
WoodlandsDairy(Pty)Ltd&MilkwoodDairy(Pty)Ltd
CompetitionCommission 27Mar2009Hearingstilltobesetdown
88 89
RP196/�009
ISBN:978-0-6�1-�88�7-5