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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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Lerisha Naidu is a Partner in Baker McKenzie's Antitrust & Competition Practice Group in Johannesburg.

Author

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

Author

Sphesihle Nxumalo is an associate in Baker McKenzie's Antitrust & Competition Practice Group in Johannesburg. He is part of a multi-firm, multi-jurisdictional team that won the Global Competition Review 2020 Award for Merger Control Matter of the Year for Asia-Pacific, Middle East and Africa. Sphesihle's experience spans the entire spectrum of antitrust and competition law across all African jurisdictions. He advises and represents blue chip multinational companies on high value and complex merger transactions, as well as on antitrust litigation relating to abuse of dominance, cartel conduct and vertical restraints. He has a wealth of experience in Industrials, Manufacturing and Transportation (IMT), Healthcare, Technology, Media and Telecommunications (TMT). In particular, he has acted for clients in diverse industries including healthcare and pharmaceuticals, banking, private equity, automotive, petroleum, mining and construction, aviation, consumer goods and telecommunications.

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