Competition Probe Into Auto Parts Industry

Ever worried that you are paying too much for vehicle components – either directly or through higher insurance premiums? Well, the news today that the Competition Commission is taking a look at the vehicle component sector may be long overdue.  At a media briefing today, Alexander Forbes Insurance’s Gary Dombo welcome the probe, saying there is merit in the Commission looking at this industry.   One reason why insurers are battling is that parts prices are so high.   Dombo said that another reason for high premiums is that around 60 percent of motor vehicles on SA roads are not insured – that’s around 8 million vehicles.   Dombo wants to see compulsory 3rd party auto insurance, but admitted that the industry can be more effective in how it lobbies government on this.  The industry has commissioned a study, to help bolster its case.

Tweets of the Day:

Male Thoughts (@SteveStfler):  My neighbor obviously doesn’t watch porn. She asked me to come fix her sink, I been here for an hour and i’m still fixing the damn sink.

Sly (@slyoung5):  Every single day I question my sanity and every single day, it has an alibi.

Male Thoughts (@SteveStfler):       me: for christmas i want a dragon

santa: be realistic

me: ok i want girlfriend

santa: what colour do you want your dragon.

Funny Tweets (@Funny_TweetsQ):  I don’t care what people think of me… at least mosquitoes find me attractive

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