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.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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