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IPMI and Industry News: Industry News

Rand Refinery Drops Krugerrand Shackle

Saturday, September 16, 2017  
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South Africa: The competition Tribunal has confirmed a consent agreement in terms of which Rand Refinery undertook to remove a requirement for people to become bullion Krugerrand dealers. The agreement came into being after the Competition Commission found the requirement that dealers must be members of the SA Association of Numismatic Dealers (Saand) created artificial barriers to entry into the primary dealers market. The tribunal said the requirements created a barrier to entry for prospective dealers of these coins in the local numismatic industry. - Business Report 09/16/2017

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