Mmegi

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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