The Competition Appeal Tribunal (CAT) is currently reviewing MasterCard's pricing mechanism. This examination comes in response to concerns raised by industry players who argue that the fees are unfairly high and hinder market growth. The CAT will carefully consider all arguments submitted before reaching a decision on the matter. This inquiry has
Competition Appeal Tribunal Upholds MasterCard Interchange Fee Ruling
The Competition Appeal Tribunal (CAT) has reserved its previous decision on MasterCard's interchange fees, rejecting an appeal from the card issuer. This means that the original judgment that MasterCard's interchange charges are unfair will stand. The CAT rejected all of MasterCard's arguments, finding them to be lacking. This success for businesse
Class Actions in South Africa
In the ever-evolving legal landscape of South Africa, class actions have emerged as a powerful tool for ensuring responsibility corporations accountable for their actions. These collective lawsuits empower individuals who have suffered similar injury at the actions of a single entity to join forces and seek compensation. The goal of class actions i