Saftu calls for colluding insurance companies to be fined

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Labour federation Saftu says insurance firms suspected of fixing prices must be charged and fined if found guilty.

JOHANNESBURG - The eight major insurance firms suspected of fixing their prices must be charged and fined if found guilty, according to labour federation Saftu. Discovery, Old Mutual, Bidvest Life Limited and Momentum are among the companies raided by the Competition Commission on Thursday.

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