Competition Commission Enquiry – Fritz Pienaar Cycles Response

    Fritz Pienaar Cycles response to the announcement by the Competition Commission that it intends to launch an enquiry into alleged price-fixing by the cycle retail industry and thereby implicating Fritz Pienaar Cycles as one of the parties allegedly involved:

    We firmly deny any involvement in any alleged scheme to break the law and create a so-called cartel to fix prices or margins in the cycle retail industry. We did attend an open forum discussion in Johannesburg last year that was convened to discuss the challenges facing the bicycle industry as a whole. More than 40 retailers and wholesalers were present at the discussion.

    The intentions of this meeting were honourable, and all those present set out to find solutions to challenges facing the industry that would benefit the wholesalers, retailers and consumers.

    The enquiry appears to be based on minutes of this open forum discussion, which are inaccurate and most certainly not a true reflection of the intentions of the parties concerned.

    We welcome the enquiry into this matter and pledge our full support to the Competition Commission. At Fritz Pienaar Cycles, we remain committed to our customers and hope that this exercise will help lead to a healthier, more stable bicycle industry that benefits the consumer.

    Fritz Pienaar
    Director Fritz Pienaar Cycles

    Note to editors and producers: Disseminated on behalf of Fritz Pienaar Cycles. Queries can be directed by email to fritz@cyclesport.co.za