Zuko Komisa

- PG Glass and Glasfit face prosecution for allegedly operating an industry cartel since 2004.
- The companies are accused of coordinating annual price hikes for automotive glass products.
- The Competition Commission is seeking a heavy penalty of 10% of each firm’s annual turnover.
South Africa’s automotive glass industry is facing intense scrutiny following a Competition Commission investigation into alleged price fixing by market leaders PG Glass and Glasfit.
The Commission has referred the case to the Competition Tribunal for prosecution, asserting that the two firms operated as a cartel to artificially inflate costs.
The investigation suggests that the companies entered into a prohibited agreement as far back as 2004, a practice that allegedly remains ongoing.
According to the Commission, the firms coordinated to ensure that prices for laminated and toughened automotive glass were increased by the same percentage annually.
This conduct has reportedly impacted both individual consumers and insurance providers across the country.
Kaya Biz with Gugulethu Mfuphi spoke to Commissioner Doris Tshepe who emphasised that dismantling this alleged cartel is a priority for ensuring fairer market pricing.
If found guilty of contravening the Competition Act, both PG Glass and Glasfit could face administrative penalties of up to 10% of their annual turnover. The case now moves to the Competition Tribunal for a formal hearing and final ruling.
Listen to the full conversation here:
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