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
Violence doesn't solve anything!

Our weekly edition carries painful articles of people being murdered. Whilst some are classified as Gender Based Violence (GBV), there are still a large percentage of murder cases, which often happen at drinking spots, after people are heavily intoxicated. We have in the past carried articles where an individual was murdered because they refused to give someone a cigarette, and sadly this is where we are at now!In this very edition, there is an...

Have a Story? Send Us a tip
arrow up