Company fined R76,000 for excessive pricing on face masks

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 59%

المملكة العربية السعودية أخبار أخبار

The Competition Tribunal on Monday found a Pretoria-based company guilty of hiking the prices of face masks on January 31 and March 5 this year

This is the country's first contested excessive pricing case in the context of Covid-19, as other companies reached consent agreements with the commission after admitting guilt over excessive pricing.

The contravention relates to the sale of face Dust Mask FFP1 Pioneer . The tribunal also ordered the company to pay an administrative penalty of R76,040. The tribunal said Babelegi’s markups on the masks sold increased significantly with each successive price increase during this period.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Capitalists

Ja now go find the tobacco profiteers within the ANC and lock them up. Sorry forgot ANC is untouchable they own the police the judiciary and the constitution. Democracy has died public protector rendered toothless by corrupt judiciary. SA is in big trouble. restoreourrights

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 28. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Chivas Regal extends ‘Business Unusual’ Instagram seriesSPONSORED | Here’s how you and your business could appear on the ChivasRegalSA ‘Business Unusual’ Instagram Live series. Read more.
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »