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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
As A3 opens, responsibility rests with driver

For decades, the Francistown-Nata road has witnessed countless accidents, many of them fatal. Families have lost loved ones. Businesses have suffered delays while motorists have repeatedly complained about the poor condition of the road.The opening of the new section is therefore welcome news and a reminder that investing in quality infrastructure can save lives.However, while the smooth new surface brings relief, it also comes with greater...

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