Competition commission
SGBs urged to ensure school uniform costs don’t become burden on parents
The Competition Commission has issued a school uniform circular advising schools to adhere to guidelines.
The Competition Commission wants to put an end to motorists being forced to have their in-warranty cars serviced or repaired only at the manufacturer’s approved service dealerships.
Thabong Coal is a subsidiary of Seriti Resources Holdings, which has long-term supply contracts with Eskom.
This is in compliance with recommendations of the Grocery Retail Market Inquiry, which among others, highlighted that such agreements between businesses and property managers has an adverse impact on other industry players.
A report from a grocery retail market inquiry by the commission found that long-term exclusive lease agreements were widely prevalent in the grocery retail sectors and harmed the choices available to customers who buy from shopping centres.
Sentra Kem CCs has agreed to pay more R15,785.03 to the Solidarity Fund.
In July, the Competition Commission revealed that its investigations found that the retail pharmacy had inflated prices on these products by up to 260%.
Several companies have been nabbed by the competition watchdog, which has taken a tough stance against businesses seeking to benefit unduly from the public health crisis.
The watchdog said LevTrade International was guilty of excessive pricing and it wanted the Competition Tribunal to act decisively.
The Competition Commission has released a report showing the rand depreciation and panic buying were partial drivers of price increases in food markets at the beginning of the pandemic.
MTN was supposed to slash prices in May but didn't, leading to a standoff with the Competition Commission about some of the conditions attached with dropping prices.
The Competition Commission has expanded its case in a matter related to collusion to fix prices and divide markets. The commission has now included other additional lenders, including some of the country's biggest banks. Business reporter Arabile Gumede gives an update.
The Competition Commission said on Tuesday that it had expanded its case to target other additional lenders, including some of the country’s biggest banks.
The new referral also expands the scope of the prosecution to include five more banks, including the Nedbank Group, Rand Merchant Bank and Standard Americas.
The company inflated its prices for face masks in contravention of the Competition Act.
Sicuro Safety and Hennox Supplies have reached a settlement with the Competition Tribunal and will jointly contribute R200,000 to the Solidarity Relief Fund.
Dis-Chem is alleged to have hiked the price of surgical masks by between 43% and 261%.
Commissioner Tembinkosi Bonakele said that they’d received 1,354 notifications about huge mark-ups on basic food items and COVID-19 supplies such as face masks and sanitiser.
Sicuro Safety and Hennox Supplies were charged with contravening the Consumer Protection Act regulations after admitting to increasing prices for certain masks by more than 969.07% and 956%, respectively.