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Kaya Biz, 3 Feb CompCom Charges Wesbank And Toyota Financial Services For Corruption - A Competition Commission (CompCom) investigation has implicated JSE-listed FirstRand Bank Limited, through its WesBank division, and Toyota Financial Services South Africa Limited (TFS) in a vehicle finance collusion scheme, and recommends that the Competition Tribunal fine the companies 10% of their total turnover. To discuss this investigation, we’re joined by Makgale Mohlala, Manager: Cartels Division, Competition Commission of South Africa. ....
Competition Commission's Makgale Mohlala says once an agreement that divides markets or fixes prices is concluded, the inevitable outcome is that consumers suffer. ....