"The Commission found that the practices restricted competition among the competing companies as they did not independently determine an element of a price in the form of discount or trading terms," the commission said in a statement. "This amounts to price fixing and the fixing of trading conditions in contravention of the Competition Act."As a result, DStv Media Sales will be paying a total "remedy" of R180million. This includes a R22 million administrative fine. There is also an R8million payment to the Economic Development Fund. Along with this, there's a 25% in bonus airtime of every Rand of airtime bought by small agencies who qualify under the agreement. Did you know that you can stand to save up to 35% on your monthly premiums by combining your car and home insurance? CLICK BELOW to get multiple quotes!
"I have DStv – unfortunately, they have become just too expensive at R799p/m for a premium subscription. I will most definitely be cancelling my subscription to that (DStv) and go over to Netflix. DStv have ripped people off for far too long now and I think that they will face a huge decline in their premium subscription in the coming months," one user said. "As the news broke I ended my relationship with Repeat TV ( also known as DStv) and created my Netflix account," another said.Netflix's local introduction excited consumers. Many wondered if this could be the solution to the lack of competition.