Kaya 959 Kaya Biz

PG glass, Glasfit accused of price fixing in automotive glass market

Loading player...
South Africa’s automotive glass industry is under the spotlight after the Competition Commission found that two major players, PG Glass and Glasfit, allegedly operated as a cartel, working together to fix prices.

The Commission has now referred the matter to the Competition Tribunal for prosecution, arguing that the companies entered into a longstanding agreement to increase automotive glass prices by the same percentage annually.To unpack the implications of this case, we’re joined now by the Competition Commission is Makgale Mohlala, Manager of the Cartels Division at the Competition Commission.
19 Feb 2PM English South Africa Business News · Investing

Other recent episodes

Weaver Fintech’s Half‑Year shows Fintech Rising, Credit Tightening

Weaver Fintech grew revenue to R2.8 billion and now serves 5.1 million customers but rising debtor costs and tighter credit approvals reveal a consumer under strain. CEO Sean Wibberley breaks down the numbers — from the surge in payments and BNPL adoption to the deliberate slowdown in lending. We explore…
13 Aug 12PM 16 min

Standard Bank delivers Record Half-Year Earnings of R26 billion

Standard Bank reports record headline earnings of R26.1bn, up 10% for 1H26, with ROE rising to 19.8%, it's highest under Basel III. Sim Tshabalala unpacks the drivers behind the performance — client-led growth, disciplined cost management, strong balance sheet momentum, and Africa Regions contributing 40% of Group earnings. We explore…
13 Aug 12PM 17 min

Women Behind the Wheel: How SA’s Used‑Car Market Is Changing

Women now make 39% of financed vehicle purchases in South Africa — and they’re demanding a car‑buying experience built on trust, transparency and convenience. Sam Ghisleni, Head of Marketing at Weelee, explains how women are reshaping the used‑car market, why digital convenience must be paired with human reassurance, and how…
12 Aug 1PM 11 min

PayInc Index Reveals July’s Economic Bounce

South Africa’s economic activity finally ticked upward in July after two difficult months. Independent economist Elize Kruger unpacks the latest PayInc Economic Index, revealing how falling fuel prices, record transaction volumes, and pockets of resilience shaped the month — and why uncertainty in global oil markets still clouds the outlook…
12 Aug 12PM 15 min
All episodes