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Company fined R76,000 for excessive pricing on face masks

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Sverige Nyheter Nyheter

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.

 

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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

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