Kaya 959 Kaya Biz

CompCom Charges Wesbank And Toyota Financial Services For Corruption

Loading player...
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.
3 Feb 2022 11AM English South Africa Business News · Investing

Other recent episodes

SA’s Draft AI Policy: The Cost of Getting It Wrong

Free SA spokesperson Gideon Joubert discusses the organization's concerns about South Africa’s Draft National AI Policy—including expanded bureaucracy, duplicated institutions, and barriers for startups.
21 Apr 4PM 5 min

Legal AI Time Bombs

Pinsent Masons’ Geoffrey Allsop explains why employers are already legally liable for AI‑driven decisions under South African law. We explore discrimination risks from foreign‑trained models and what the Draft AI Policy signals for workplace regulation.
21 Apr 4PM 9 min

Understanding SA’s Draft AI Policy

Werksmans’ Ahmore Burger‑Smidt unpacks South Africa’s Draft National AI Policy. This includes the proposed new AI institutions, privacy blind spots, and the implications for business.
21 Apr 4PM 21 min
All episodes