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
Let the courts follow the money

“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...

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