Competition Commission received over 1 000 complaints on price increases during lockdown
JOHANNESBURG – South Africa’s Competition Commission told
the Portfolio Committee on Trade and Industry that since the national disaster was declared in March, it had
received a total of 1 354 complaints and tip offs from the public regarding inflated prices.
the Portfolio Committee on Trade and Industry that since the national disaster was declared in March, it had
received a total of 1 354 complaints and tip offs from the public regarding inflated prices.
The committee was told that these complaints concern allegations that retailers, traders, suppliers and pharmacies are charging excessive prices for Covid-19-related products, including masks and sanitisers, personal protective equipment (PPE) and other essential goods and basic food items.
The complaints have been investigated in terms of Section 8 of the Competition Act, which prohibits excessive pricing.
Source: iol.co.za
