GRI

Competition Commission And FirstRand Bank Ltd; WesBank, a Division of FirstRand Bank Ltd; Toyota Financial Services South Africa Ltd; Toyota Motor Corporation; Toyota Financial Services UK PLC; Toyota South Africa Ltd

Enforcement Competition Sanctions & Fines
Date: 25th Aug, 2025 Source: The Competition Tribunal Country: South Africa Original Source

Brief

Case Overview The Competition Commission case against FirstRand Bank Ltd, Toyota Financial Services UK PLC, and other respondents resulted in a settlement agreement. The order was issued on August 25, 2025. The case involved alleged contraventions of Section 4(1)(b)(ii) of the Act. Key Findings A penalty was confirmed as part of the remedy.

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The Competition Tribunal

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