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CCA, top insurers set for Tribunal clash

Presiding: The Competition Tribunal is set to hear the matter on August 28 PIC: MBONGENI MGUNI
Presiding: The Competition Tribunal is set to hear the matter on August 28 PIC: MBONGENI MGUNI

The Competition and Consumer Authority (CCA) and two of the country’s largest short-term insurers are set to lock horns before the Competition Tribunal in August over allegations of anti-competitive conduct and abuse of market dominance in the motor vehicle repair and spare parts sector.

A hearing has been set for August 28.

The companies involved are BIC Insurance and Old Mutual Insurance. Together with a previous respondent, Hollard Insurance, which has since reached a settlement with the CCA, the three firms account for approximately 70% of the market and are regarded as the dominant players in Botswana's short-term insurance industry.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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