The Competition Appeal Tribunal (CAT) is currently reviewing MasterCard's pricing mechanism. This scrutiny comes in response to concerns raised by financial institutions who maintain that the fees are excessive and hinder market growth. The CAT will carefully consider all arguments submitted before making a judgment on the matter. This probe has th

The Competition Appeal Tribunal (CAT) has reserved its previous determination on the mastercard interchange fees, rejecting an request from the card issuer. This means that the original conclusion that MasterCard's interchange fees are unfair will stand. The CAT overturned all of MasterCard's assertions, finding them to be lacking. This success for

In the ever-evolving legal landscape of South Africa, class actions have emerged as a potent tool for ensuring responsibility corporations accountable for their actions. These collective lawsuits enable individuals who have suffered similar harm at the doing of a single entity to join forces and get more info seek redress. The aim of class actions