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Vet klap or a small price to pay?

07 December 2005 Angelo Coppola

The Competition Commission has concluded consent agreements individually with six motor vehicle manufacturers/importers and/or their dealers will, in terms of the consent agreements, pay administrative penalties collectively amounting to R31 650 000.

The groupings involved are General Motors, Nissan, DaimlerChrysler, Citroën, Volkswagen and its Gauteng dealers and Subaru dealers.

The manufacturers and dealers have also agreed to implement compliance programmes to ensure that their businesses comply with the Competition Act in particular to eradicate the practices of minimum resale price maintenance by manufacturers and collusion between dealers.

Editor's thoughts:

So will those members of the motoring public that purchased vehicles prior to that date be able to get their portion of the R31m refunded to them?

So what about the dealers in the rest of the country, or didnt the investigation spread that far, or perhaps the dealers in the other provinces are more honest than those in Gauteng?

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QUESTION

We have watched with interest as each of the country’s large life insurers report their 2021 life claims statistics, with soaring claims and claims values. That got us thinking: how do the big life insurers compare against one another, from an IFA perspective?

ANSWER

An insurer is an insurer is an insurer
All are excellent: would not deal with them otherwise
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Tied agent: but my brand is the best out there
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