Competition commission
Paarl pharmaceutical products supplier fined over R15k for face mask overpricing
Sentra Kem CCs has agreed to pay more R15,785.03 to the Solidarity Fund.
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Dis-Chem drops appeal against price gouging guilty verdict
In July, the Competition Commission revealed that its investigations found that the retail pharmacy had inflated prices on these products by up to 260%.
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COVID-19: SAHRC to meet with Competition Commission over inflation of prices
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.
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Commission wants maximum penalty for firm charged with hiking face mask prices
The watchdog said LevTrade International was guilty of excessive pricing and it wanted the Competition Tribunal to act decisively.
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Food prices stabilising after lockdown spike - Competition Commission
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.
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MTN agrees to drop prices, 1 Gig of data down to R99
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.
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Why some of SA's biggest banks face corruption, collusion charges
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.
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Banks charged for manipulating exchange rate to file responses
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.
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Competition Commission files new charges against banks over rand manipulation
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.
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Competition Commission welcomes finding against Babelegi over price hikes
The company inflated its prices for face masks in contravention of the Competition Act.
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Companies guilty of inflating mask prices by 900% agree to pay R1.5m fine
Sicuro Safety and Hennox Supplies have reached a settlement with the Competition Tribunal and will jointly contribute R200,000 to the Solidarity Relief Fund.
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Dis-Chem facing penalty of 10% of turnover for allegedly hiking mask prices
Dis-Chem is alleged to have hiked the price of surgical masks by between 43% and 261%.
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Competition Commission flooded with complaints on unfair pricing
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.
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Mask suppliers fined R1.7mil for inflating prices by over 900%
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.
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Shoprite joins Pick n Pay in dropping exclusivity clauses in mall leases
The phasing out of exclusivity will involve waiving this clause as leases come up for renewal and Shoprite will not sign any new lease agreements that contain exclusivity clauses.
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Competition Commission wants harsh punishment for face masks price inflators
The body has referred Sicuro Safety and Hennox Supplies to the Competition Tribunal for excessive pricing since the outbreak of COVID-19.
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2 major face mask suppliers referred to Competition Tribunal over pricing
The Competition Commission said that the two companies had failed to provide an explanation as to why they had been charging so much for masks.
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Competition Tribunal to hear Dis-Chem’s essential items price inflation case
The matter is between the Competition Commission and Dis-Chem Pharmacies.
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MTN, Competition Commission reach deal to reduce data prices from 1 May
In line with the commission's recommendations, MTN will reduce its 1GB monthly prepaid bundle to R99.
