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Sappi wins against Competition Commission and Papercor in Competition Appeal

Release Date: 30/09/2003 08:24
Code(s): SAP
Wrap Text

Sappi wins against Competition Commission and Papercor in Competition Appeal Court case Sappi Limited(Registration number 1936/008963/06) (Incorporated in the Republic of South Africa) Share Code : SAP ISIN : ZAE000006284 ("Sappi") Sappi wins against Competition Commission and Papercor in Competition Appeal Court case Sappi confirmed today that it has received notification from the Competition Appeal Court that its case against the Competition Commission"s attempt to re- open a matter involving Papercor has succeeded. The Appeal Court also issued an order for costs against the Competition Commission and Papercor. The judgement prohibits the Commission from re-opening and investigating the Papercor case, which had been dismissed by the Competition Tribunal in a judgement issued on 17 April 2002. Sappi is satisfied that the issue has now been resolved. Throughout this matter Sappi maintained that it had not contravened the Competition Act. end Note to Editors: A full copy of the judgement can be found on the Competition Tribunal website www.comptrib.co.za Issued by: Sappi Limited Johannesburg, 30 September 2003. For further information: Andre Oberholzer Corporate Affairs & Communication Manager Sappi Limited Tel +27 (0)11 407 8044 Fax +27 (0)11 403 8236 Cell +27 (0)82 906 0638 Andre.Oberholzer@za.sappi.com Date: 30/09/2003 08:24:21 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department