Significant insurance provider raided because of suspected collusion
outh African long-term insurance provider can be in hot water if the allegations of the
Competitors Compensation against them are over board.
The major long-term insurance provider had as well as will have their offices across the country plundered by the payment,
[which] thinks that these business have been dealing with the costs of points like funeral plans or funeral cover,
impairment cover, persistent drug cover, and investment-related items like retired life annuities.
We know when business deal with costs they obtain excessive profits.
We have actually got Sipho Ngwema, the head of interactions at the Competition Commission,
for more. Sipho, thanks so much for your time.
A really troubling tale in this environment-- if true-- that firms are being opportunistic,