Competition Commission raids insurance companies suspected of price fixing

JOHANNESBURG - The Competition Commission on Friday raided the premises of eight long-term insurance companies who are suspected of price fixing.

The commission said it has reasonable grounds to suspect that those companies, which include industry heavy weights, colluded to fix prices and trading conditions. The commission said the search and seizure operations have been conducted as part of an ongoing investigation that was initiated by the commissioner in January 2021.

Discovery Limited, FMI -which is a division of Bidvest Life Limited, Hollard Insurance Group, and Momentum are among the companies suspected to have worked together, to fix prices for products such as retirement annuities, life insurance cover, disability cover, and funeral assistance benefits. BREAKING NEWS: The Competition Commission is currently raiding the premises of eight long-term insurance companies suspected of price-fixing. #insurance #dawnraids #pricefixing@Ciamakunga @siphongwema @TembinkosiB @hardinratshi @the_dti @GCISMedia @eNCA @Newzroom405 @SABCNews

Hhayi Nina. On Thursday not Friday 😂😂😂

BUT ITS ONLY THURSDAY TODAY. EWN IS PREDICTING THE FUTURE

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

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?

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

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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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