Dis-Chem found guilty of contravening Competition Act over face mask prices
The Competition Tribunal said that the company abused its dominance when it hiked the prices.
JOHANNESBURG - The Competition Tribunal has found Dis-Chem pharmacies guilty of contravening the Competition Act by selling surgical face masks at excessive prices during the COVID-19 pandemic.
The retail group has been ordered to pay an administrative penalty of over R1 million.
Dis-Chem is alleged to have hiked the price by between 43% and 261%.
The tribunal said that the company abused its dominance when it hiked the prices.
TRIBUNAL FINES DIS-CHEM R1.2 MILLION FOR EXCESSIVE PRICING OF FACE MASKS DURING COVID-19 PANDEMIC https://t.co/v0nlmtVIpA— Competition Tribunal (@comptrib) July 7, 2020