How companies price-gouging the public will be made to pay … up to R1m

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The Competition Tribunal can now deal with matters urgently and impose pricing orders.

New regulations to clamp down on profiteering during the lockdown allow for the Competition Tribunal to hear matters on an urgent basis – and to impose pricing orders.

The goods and services listed are basic food and consumer items, emergency products and services, medical and hygiene supplies and emergency clean-up products. The commission may refer the complaint to the tribunal. If it issues a non-referral, the complainant can then go directly to the tribunal.

 

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