Transnet Probed by South African Regulator for Overpricing
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Transnet SOC Ltd. is to be investigated by South Africa’s Competition Commission over allegations the state-owned ports and rail operator overcharges and gives preferential treatment to certain customers for port access.
“The commission will conduct a full investigation to assess whether or not Transnet has contravened the Competition Act as alleged,” the antitrust regulator said in an e-mailed statement on Thursday. The probe “emanates from information indicating that the South African port charges are much higher than the global average.”