WesBank and Toyota Finance charged for collusion

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An investigation by the commission revealed that WesBank and Toyota divided markets by allocating customers or suppliers.

It's been found that Wesbank and TFS are involved in the provision of vehicle finance services.

This is after the two entities concluded a shareholder agreement clause that prevents them from competing. The agreement clause prohibits WesBank from offering vehicle finance to customers seeking to purchase vehicles at authorised Toyota dealerships.

 

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