Competition Appeal Court ("CAC")

On 20 April 2011, Clover advised shareholders that the Competition Commission has withdrawn its long running referrals of several milk processors, including Clover that started in December 2006. The withdrawal follows the Supreme Court of Appeal`s ruling in September 2010 in which it upheld Woodlands Dairy (Pty) Ltd and Milkwood Dairy (Pty) Ltd`s objections to the Commission`s initiation and investigation procedures.

Clover remains committed to fully co-operating with the Competition Commission and takes reasonable steps to ensure that management and employees do not engage in conduct that would consitute a prohibited practice. 

Appelhof vir Mededinging (“AM”)

Op 20 April 2011 het Clover aandeelhouers in kennis gestel dat die Mededingingskommissie die langdurige verwysings van verskeie melkprosesseerders, insluitend Clover, wat in Desember 2006 begin het, teruggetrek het. Die terugtrekking volg op die Hooggeregsappèlhof se uitspraak in September 2010 waarin die hof Woodlands Dairy (Edms) Bpk en Milkwood Dairy (Edms) Bpk se besware teen die kommissie se stappe en ondersoekprosedures steun.   

Clover bly steeds daartoe verbind om sy volle samewerking aan die Mededingingskommissie te gee en neem redelike stappe om te verseker dat bestuur en werknemers hulle nie skuldig maak aan ontoelaatbare praktyke nie.