Google, Meta face penalties for anti-competitive behaviour towards South African news media

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Google, Meta face penalties for anti-competitive behaviour towards South African news media - Channel News Asia

Quick Summary:

JOHANNESBURG : Google could be required to pay up to 500 million rand ($27.29 million) a year in compensation to South African media outlets after the country's competition watchdog found the tech giant guilty of anti-competitive practices, while Meta and X also face fines.

If all these companies fail to implement these remedies within six months after the final report, a 5-10 per cent digital advertising tariff or levy will be imposed, according to the report.

"Alongside this, we have invested in products, training and partnerships to support publishers and the broader news ecosystem, and will continue to do so".