[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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CPI continues on upward trajectory - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Africa’s Consumer Price Inflation (CPI) has continued on its upward trajectory. The figures that Statistics South Africa has released show that annual inflation was up 7.8% in July 2022, from 7.4% in June 2022. CPI 'Up to 7.8% from 7.4%' on a month to month its up 1.5%.
Source: SABCNews - 🏆 37. / 51 Read more »
English bowlers rip through Proteas - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Proteas were bowled out for 151 on day one of the second test against England. In reply, the hosts ended 111 for 3 at stumps. Dear englandcricket in southafrica we are living in a reversed apartheid system where whites are classed as second class citizens with the racial BEE laws,plz help to pressure the nationalists ANC government to reverse their business killing policies&Farm Killings! ENGvSA
Source: SABCNews - 🏆 37. / 51 Read more »
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:
Source: CapeTownEtc - 🏆 17. / 63 Read more »
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
Source: ewnupdates - 🏆 30. / 53 Read more »