[File Image] The Sanlam sign board is seen in this picture. Sanlam is among the eight companies raided by the Competition Commission.[File Image] The Sanlam sign board is seen in this picture. Sanlam is among the eight companies raided by the Competition Commission.
The commission conducted search and seizure operations on Thursday, at the premises of eight insurance companies including Old Mutual, Brightrock, Discovery, Hollard, and Sanlam. The Commission’s spokesperson Sipho Ngwema says the search and seizure operations are part of an ongoing investigation that was initiated in January 2021.
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Major SA insurance companies under investigation for alleged price fixingSouth African insurance companies are left reeling after the Competition Commission raided the premises of eight major long-term insurance companies that are suspected of price fixing:
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Competition Commission raids insurance companies suspected of price fixingThe commission said it has reasonable grounds to suspect that the companies, including industry heavy weights Discovery Limited and and Momentum, colluded to fix prices and trading conditions. Great news for consumers. We have been denied genuine choice for too long. Now go for the Danish pasty price-fixing scam. Woolies, P&P, Checkers all the same? I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just $1000 i got $10,000 in 7days JamesAlderson0 BUT ITS ONLY THURSDAY TODAY. EWN IS PREDICTING THE FUTURE
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