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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the

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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