Plucky cable firm takes on Competition Commission and wins ... at a price
Tulisa spent nine years fighting claims that it was part of price-fixing cartel. Now it has to restore its business
For nine years, Francisco Loureiro and his company, Tulisa Cables, had to fight to prove their innocence, spending millions on legal fees as they tried to maintain their reputation as a legitimate business.
As one of the smaller electrical cable providers in the Alberton area of the East Rand, the company was swept up in a massive probe launched by the Competition Commission investigating price fixing and collusion in the industry.
While numerous companies ultimately chose to admit guilt, to pay multimillion-rand fines or were found guilty by the commission, Tulisa Cables stood its ground, opting to fight against the allegations...