CCA settles with Hollard; case proceeds vs BIC, Old Mutual
Thursday, April 30, 2026 | 550 Views |
Milestone: The CCA secured a historic cartel settlement at the Competition Tribunal yesterday PIC: MBONGENI MGUNI
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.
“Law and order are the medicine of the body politic and when the body politic gets sick, medicine must be administered.”– B.R. AmbedkarThe amount of money at play threatens to test the integrity of the country’s financial system, giving more reason to why the courts must be fully given leeway to lean on the matter and reach a conclusion.Botswana has spent decades building her reputation as a stable and credible financial jurisdiction.The...