The South African Banking sector is currently made up of 63 banks distributed as follows: 29 foreign bank representatives, 13 branches of foreign banks, 14 locally controlled banks, three mutual banks and four foreign controlled banks. Three banks are currently under liquidation (South African Reserve Bank, 2023). Does this picture portray a banking sector that is very competitive? Discuss some of the anti-competitive practices that have been investigated by the Competition Commission of South Africa, clearly explaining the provisions of the Competition Act no 89 of 1998 that were violated.
The South African Banking sector is currently made up of 63 banks distributed as
follows: 29 foreign bank representatives, 13 branches of foreign banks, 14 locally
controlled banks, three mutual banks and four foreign controlled banks. Three banks
are currently under liquidation (South African Reserve Bank, 2023).
Does this picture portray a banking sector that is very competitive? Discuss some of
the anti-competitive practices that have been investigated by the Competition
Commission of South Africa, clearly explaining the provisions of the Competition Act
no 89 of 1998 that were violated.
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Solved in 4 steps
synthesize, summarise and intergrate the arguments of different authors about the anti-competitive practices in the SA banking sector