Is deterring investment in the public interest?
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Last Thursday morning saw the return of dawn raids on eight major insurance companies conducted by the Competition Commission.
The commission said it has reasonable grounds to suspect that the insurers have engaged in collusive practices to fix prices and/or trading conditions in respect of fees for investment products such as retirement annuity and premiums for risk-related products. The products are in the life insurance cover, disability cover, life cover and funeral assistance benefits.
Tomorrow, legal practitioners, economists, politicians, academics, industry role players and civic society will meet at the 16th Annual Competition Law, Economics and Policy Conference to discuss and reflect on competition regulation, the state of the economy and policy proposals aimed at shaping an inclusive, growing, and deconcentrated economy.
Themed “Effective Competition Law Enforcement and Policy Development for Sustainable, Growing and Inclusive Markets” its an opportune time to reflect on that theme and ask whether our competition law is indeed fit for purpose.
To talk about this Michael Avery is joined by Heather Irvine, partner at Corporate Department of Bowmans Johannesburg: Ahmore Burger-Smidt, Director at Werksmans Advisory Services & Zakhele Mthembu, legal researcher at Free Market Foundation
The commission said it has reasonable grounds to suspect that the insurers have engaged in collusive practices to fix prices and/or trading conditions in respect of fees for investment products such as retirement annuity and premiums for risk-related products. The products are in the life insurance cover, disability cover, life cover and funeral assistance benefits.
Tomorrow, legal practitioners, economists, politicians, academics, industry role players and civic society will meet at the 16th Annual Competition Law, Economics and Policy Conference to discuss and reflect on competition regulation, the state of the economy and policy proposals aimed at shaping an inclusive, growing, and deconcentrated economy.
Themed “Effective Competition Law Enforcement and Policy Development for Sustainable, Growing and Inclusive Markets” its an opportune time to reflect on that theme and ask whether our competition law is indeed fit for purpose.
To talk about this Michael Avery is joined by Heather Irvine, partner at Corporate Department of Bowmans Johannesburg: Ahmore Burger-Smidt, Director at Werksmans Advisory Services & Zakhele Mthembu, legal researcher at Free Market Foundation
