ZETDC and CAFCA under probe

ZETDC  and CAFCA under probe
Published: 11 May 2017 (747 Views)
The Competition and Tariff Commission is probing Zimbabwe Electricity Transmission and Distribution Company (ZETDC)  and CAFCA on a case of suspected anti-competitive behaviour.

ZETDC is a subsidiary of power parastatal Zesa.

According to a report by the Source, Cable maker CAFCA entered into a barter trade deal with ZETDC whereby it supplies ZETDC aluminum electricity conductors in return for copper scrap – a critical input for the manufacturer.

Zimbabwean businesses, including manufacturers and mines, are struggling to pay foreign suppliers of raw materials due to the country's worsening foreign currency shortages, forcing some to resort to barter deals such as the one under probe.

The competition watchdog will examine if the ZETDC-CAFCA arrangement restricts competition, following allegations that no other company can supply the power utility.

"The Commission will, in accordance with the provisions of Sections 28 of the Act, conduct an investigation into the barter trade agreement between ZETDC and CAFCA to determine whether the agreement restricts competition directly or indirectly to material degree," the commission said in a notice on Thursday.  

CAFCA has on several occasions mentioned that the ZETDC deal has shored up its business.





- Source

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Socialite eyes parly seat

by Staff reporter | 25 April 2018 | 24 Views

'Makamba not fit to be an MP,' says Zanu-PF

by Staff reporter | 25 April 2018 | 29 Views

'Mphoko is a Mozambican'

by Staff reporter | 25 April 2018 | 32 Views

'Re-industrialisation of Bulawayo a key priority'

by Staff reporter | 25 April 2018 | 26 Views

Zimbabwe needs policies which build Trust and attract FDI

by Enos Denhere | 25 April 2018 | 32 Views

WATCH: Chamisa versus Khupe fans outside High Court

by voa | 25 April 2018 | 44 Views

BREAKING: Kombi, train accident kills 4

by Staff reporter | 25 April 2018 | 39 Views

Singer distances self from six women

by Staff reporter | 25 April 2018 | 35 Views

Costly $2 sex

by Staff reporter | 25 April 2018 | 37 Views

Man found dead outside Pelandaba church

by Staff reporter | 25 April 2018 | 25 Views

'State infringing Undenge's rights'

by Staff reporter | 25 April 2018 | 25 Views

Commercial sex workers reap tobacco farmers

by Staff reporter | 25 April 2018 | 76 Views

'I never stole from Mugabe'

by Staff reporter | 25 April 2018 | 76 Views

Harare's Working Wives to hit screens soon

by Staff reporter | 25 April 2018 | 70 Views

The real problem with MDC-T or the Alliance

by Mr Tshingwane Lunga | 25 April 2018 | 108 Views

Khupe court case changes nothing, says Chamisa's faction

by Staff Reporter | 25 April 2018 | 112 Views

Zimbabwean soldier on a visit to SA shot dead

by Staff reporter | 25 April 2018 | 139 Views

Mnangagwa faces G40 headache

by Staff reporter | 25 April 2018 | 114 Views

'Chisa Mbama Chisa' poster infuriates Ndebeles

by Social media | 25 April 2018 | 202 Views

Zinara bosses acquitted

by Staff reporter | 25 April 2018 | 81 Views

Mutasa's household property to be actioned

by Staff reporter | 25 April 2018 | 89 Views

Chamisa to install WIFI at each rural homestead

by Staff reporter | 25 April 2018 | 74 Views

The newfound freedom to speak our mind

by Mike, Harare | 25 April 2018 | 68 Views

3 game ultimatum for Dembare's Lloyd Mutasa

by Staff reporter | 25 April 2018 | 119 Views

Dembare legends raise the red flag

by Staff reporter | 25 April 2018 | 90 Views

Pupil steals $1 000 from teacher

by Staff reporter | 25 April 2018 | 124 Views

Police undergo customer relations training

by Staff reporter | 25 April 2018 | 72 Views

'Chart path towards Zimdollar return'

by Staff reporter | 25 April 2018 | 104 Views

Ngezi Platinum to defend home record

by Staff reporter | 25 April 2018 | 58 Views

Zimbabwe seeks place in global village

by Staff reporter | 25 April 2018 | 59 Views

Govt promise to urgently resolve nurses' grievances

by Staff reporter | 25 April 2018 | 91 Views

Econet rewards brand ambassadors in Matebeleland

by Staff reporter | 25 April 2018 | 72 Views

Chivayo fails to complete pre-commencement works

by Staff reporter | 25 April 2018 | 78 Views

Middle class economy possible, says CZI

by Staff reporter | 25 April 2018 | 53 Views

Bribe attempts at Nust DNA centre

by Staff reporter | 25 April 2018 | 79 Views

Gangster 'killer' surrenders self to police

by Staff reporter | 25 April 2018 | 82 Views