CCA settles with Hollard; case proceeds vs BIC, Old Mutual
Thursday, April 30, 2026 | 510 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.
“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...