Mmegi

CCA settles with Hollard; case proceeds vs BIC, Old Mutual

Milestone: The CCA secured a historic cartel settlement at the Competition Tribunal yesterday PIC: MBONGENI MGUNI
Milestone: The CCA secured a historic cartel settlement at the Competition Tribunal yesterday PIC: MBONGENI MGUNI

The Competition and Consumer Authority (CCA) today brings a legal suit against Botswana Insurance Company and Old Mutual for allegedly participating in a long-running scheme to impose mark-ups on spare parts, dictate labour costs to auto-body repairers and force repairers to buy parts only from their preferred suppliers.

The case is being heard at the Competition and Consumer Tribunal.

Yesterday, another participant in the alleged scheme, Hollard Insurance, reached a settlement with the fair-play watchdog, agreeing to pay P4.8 million for its role in the scheme.

Editor's Comment
Govt must crack whip on Cross border crime

“Betrayal hurts, but knowingwho was betraying hurts even more.”- Garima SoniWhat the men of Ditlharapa, Molete and neighbouring villages uncovered is a cross-border enterprise. The modus operandi, as the suspect himself reportedly confessed, is industrial: groups operating in multiple villages, fences cut with impunity, stolen goats walked into South Africa, warehoused at Makhubung, then sold in batches of 200 to a commercial farmer in...

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