The Competition Appeal Tribunal (CAT) is currently reviewing MasterCard's interbank fee structure. This scrutiny comes in response to complaints lodged by industry players who argue that the fees are excessive and hinder market growth. The CAT will thoroughly examine all data provided before reaching a decision on the matter. This probe has the pot
MasterCard's Interchange Fee Ruling Upheld by the Competition Appeal Tribunal
The Competition Appeal Tribunal (CAT) has reserved its previous determination on MasterCard interchange fees, rejecting an appeal from the card issuer. This means that the original finding that MasterCard's interchange charges are exploitative will stand. The CAT dismissed all of MasterCard's assertions, finding them to be lacking. This success for
Class Actions in South Africa
In the ever-evolving legal landscape of South Africa, class actions have emerged as a powerful tool for holding corporations accountable for their actions. These collective lawsuits enable individuals who have suffered similar injury at the actions of a single entity to join forces and seek redress. The purpose of class actions is to ensure access