‘The companies under investigation share information on premium rates for risk-related products and fees for investment products, which enables them to adjust the prices of their existing and new insurance products,’ said the Competition Commission.
Competition Commission investigators seized documents and electronic data from the head offices of the insurance companies on Thursday.
The Competition Commission says it met with other airlines who committed to not rising their prices now that Comair suspended operations.
The Competition Commission announced recently that it launched a probe into the fresh produce sector – here’s why…
The Competition Commission has addressed complaints of increased flight prices and stated that it will take action if this is true.
The Competition Commission believes Meta Platforms Inc has intended to offboard GovChat and referred it to the Competition Tribunal.
The Competition Commission recently announced that schools will no longer be allowed to force parents to buy uniform at a specific supplier
The Department of Health had lodged a complaint against companies over the cost of COVID-19 Rapid Antigen tests
A new agreement with regard to school uniforms hopes to ‘increase competition, reduce barriers to entry and ensure cheaper prices’.
The Competition Commission and Pick n Pay have signed an exemplary agreement promising to limit its profits on ginger and garlic.
Online trading has surged during the Covid-19 pandemic so more consumers are now depedent on online platforms to pay for their goods.
The Competition Commission has taken strong action against anti-competitive practices regarding school uniform prices and has successfully prosecuted schools across the country.
Food Lover’s Market has since agreed to lower the price of ginger and donate essential goods to an old age home.
Since the coronavirus pandemic and subsequent lockdown, the Competition Commission has received hundreds of complaints of price gouging against companies accused of taking advantage of the health crisis
Dis-Chem said the ruling in which it was fined R1.2 million for price gouging of face masks contains a number of errors of fact and law.
The Competition Tribunal has found Dis-Chem guilty of charging excessive prices for surgical masks, to the detriment of its customers.
While some of the companies have not admitted any wrongdoing, they have agreed to resolve the complaints through several remedies including donations
The mobile operator has since decided to reduce the price of 30-day prepaid bundles up to 1GB, with the 1GB monthly bundle being reduced to R99
Major South African and international banks are implicated in the probe, which dates back to price manipulation in 2007.
He added that the agreement with Vodacom and MTN to lower prices prior to lockdown had come at the most opportune moment.
The Competition Commission has, since 17 March, received a total of 1 354 complaints and tip-offs from the public about inflated prices.
Dis-Chem has been referred to the Competition Tribunal for prosecution over its unlawful price inflation during lockdown.
The Competition Commission has already received numerous complaints about large retailers hiking prices of essential goods.
Data is indeed falling, with MTN the latest data giant to announce cuts to its data costs following on from Vodacom.
The Commission announced massive cuts to data, placing essential services at the fingertips of South Africans.