Competition Commission not done with companies guilty of PPE price gouging during the pandemic | City Press

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Today marks exactly a year since Health Minister Joe Phaahla repealed Covid-19 regulations that made masks a requirement; however, companies that took advantage of consumer demand by increasing prices continue to be sanctioned by the commission.

The Competition Commission continues to investigate any competition matters related to public procurement that transpired during theToday marks exactly a year since Health Minister Joe Phaahla repealed Covid-19 regulations that made masks a requirement; however, companies that took advantage of the high demand from consumers by increasing prices continue to be sanctioned by the commission

Meanwhile, in May 2020, Matus, a distributor of masks and other personal protective equipment , was slapped with a R5.9m administrative penalty for inflating its gross profit margins on essential hygiene products during the Covid-19 disaster period. Matus also contributed R5m to the Solidarity Fund.

Two months ago, the tribunal also penalised the supplier of sanitisers to the SAPS for excessive price hiking during the Covid-19 pandemic.

 

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