Competition body raids Discovery, Old Mutual, Sanlam and major insurance firms.

The Competition Commission started raiding the offices of eight major insurance firms on Thursday afternoon over alleged collusion and price fixing. The search and seizure operations took place at the offices of BrightRock, Discovery, FMI - which is a division of Bidvest Life - Hollard, Momentum, Old Mutual Insure Limited, Professional Provident Society (PPS) and Sanlam across Gauteng, KwaZulu-Natal and the Western Cape. <a href="https://kaya959.co.za">Kaya 959</a>