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South Africa: Competition Commission publishes Practice Note on the Promotion of Competition and Inclusion in Supplier Panels of Banks and Insurers

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In brief

The Competition Commission in South Africa recently published a Practice Note on the Promotion of Competition and Inclusion in Supplier Panels of Banks and Insurers. This Note is intended to guide Banks and Insurers on the best practices and pro-competitive principles that can be applied when appointing suppliers to Supplier Panels (including conveyancing and automotive panels). Banks and Insurers should take measures to comply with this guidance, as non-compliance could attract enforcement action. Sphesihle Nxumalo, Associate, and Jarryd Hartley, Candidate Attorney, in the Antitrust & Competition Practice in Johannesburg, outline the details contained in this Note.

Please click here to access the Note. 

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Author

Lerisha Naidu is the managing partner and head of Baker McKenzie's Antitrust & Competition Practice Group in Johannesburg. She acts on a diverse array of matters across various industries spanning several African jurisdictions.
Lerisha advises and represents international and domestic clients in mergers and acquisitions, prohibited practices (including cartel-related matters), and compliance and risk mitigation. She has appeared before the Competition Tribunal of South Africa in merger proceedings, and has also worked on matters relating to clients involved in Tribunal proceedings.
Lerisha has acted in several high-profile matters involving industry-wide and global cartels (eg. in the construction, aviation and gas industries), interim relief applications, contested mergers and dawn raids. She has also participated in a number of compliance initiatives, including training sessions for firms' employees related to competition risk mitigation.
Lerisha was named Southern Africa Partner of the Year at the African Legal Awards in 2023 - cited for the legal excellence, innovation and leadership that embodies her work. She was also acknowledged on the 2019 list of 100 Most Influential Young South Africans as well as the Mail & Guardian list of Top 200 Young South Africans, and was commended in the Partner of the Year Private Practice category at the African Legal Awards in 2021.
Lerisha also leads the Diversity and Inclusion portfolio in Johannesburg, as well as its pro bono and corporate social responsibility pillars.

Author

Jarryd Hartley is a Candidate Attorney in Baker McKenzie, Johannesburg office.

Author

Sphesihle Nxumalo is a director designate in Baker McKenzie's Antitrust & Competition Practice Group in Johannesburg.
His experience spans the entire spectrum of antitrust and competition law across Africa.
Sphesihle has a wealth of experience partnering with clients and businesses to devise novel and business-oriented solutions to their merger control, antitrust and competition law needs and requirements. He advises and represents blue-chip multinational companies on high-value and complex antitrust matters and merger transactions that are highly technical and unique in nature across all key African countries.
His experience spans several industries including private equity, telecommunications, media, technology, healthcare and pharmaceuticals, financial institutions, automotive, industrials, petroleum, mining and construction.

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