South Africa: Regulator extends exemption for petroleum industry

The Competition Commission has again extended an exemption to SA’s petroleum industry to proceed with agreements and practices that would ordinarily constitute cartel conduct.

On Thursday, the commission said the exemption for the industry, as represented by SA Petroleum Industry Association (Sapia), has been extended to June 30 2019. Sapia is a voluntary association whose members consist of major oil companies.

An exemption, written permission by the commission to engage in a prohibited practice, has been in place since 2010, and has been extended a number of times. In terms of the Competition Act, the commission may grant an exemption for certain agreements or practices if it serves to maintain or promote exports.

Full Content: Business Live

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.