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Enquiry Report & Executive Overview
The Panel of the Banking Enquiry, established in 2006 by the Competition
Commission of South Africa to enquire into particular aspects of
competition in retail banking and the national payment system in South
Africa, has now completed its work.
The full report of the Panel, which contains confidential information
submitted by some of the stakeholders that have claimed confidentiality
in terms of the Competition Act, was handed over to the Competition
Commissioner, Mr. Shan Ramburuth by the chairperson of the Enquiry, Mr.
Thabani Jali, on Tuesday the 17th June 2008.
On Wednesday the 25th June 2008, the Commission released a Press
Statement together with an Executive Overview of the Enquiry’s report.
The Executive Overview reflects all the Panel’s recommendations but does
not contain any confidential information submitted to the Enquiry by
stakeholders.
Press Statement
Executive Overview
Printer friendly version of executive overview
Presentation by Mr. Thabani Jali
What’s Next?
The Commissioner will now consider the report and consult with various
stakeholders and government departments before making decisions
regarding any further action arising from the report.
Background to the Enquiry
The decision of the Commission to appoint the Enquiry was taken in
consequence of the findings of a 2004 report by a Task Group
chaired by Dr Hans Falkena and a Research Report prepared for the
Commission in 2006 by FEASibilty (Pty) Ltd, an economic research company
headed by Dr Penelope Hawkins and due to continued public concern
regarding the level of charges made by banks and other providers of
payment services to consumers.
The Enquiry, which was officially launched on the 4th August 2006 was
conducted in terms of Section 21 of the Competition Act No 89 of 1998,
was on the record which was made publicly available subject only to the
protection of genuinely confidential information as provided for in the
Competition Act.
All non confidential submissions, transcripts of the public hearings,
presentations made to the Panel and other information relevant to the
Enquiry are available for downloading in the various categories listed
in the left-hand margin of this website.
Anyone experiencing any difficulty in accessing any information or
requiring any additional information regarding the Enquiry is encouraged
to contact the Enquiry. |
Banking Enquiry
