Competition Commission warns retailers against price hiking

Johannesburg – On Monday the Competition Commission said it would go after all retailers found to be hiking prices of essential goods during the lockdown. This came after a Boksburg based pharmacy was penalised when the commission found that the company placed a 150% mark-up on face masks.

The Competition Tribunal ordered the pharmacy, Centrum Pharmacy, to reduce prices and donate essential goods to at least two old age homes. The goods included hand sanitizers, face masks and surgical gloves worth just over R25 000.

“As long as we think at face value it does contravene the law, we investigate so that we make sure that consumers are protected. And therefore, we continue to intervene and to make sure that those that are doing wrong they correct their ways and consumers are not cheated,” said Sipho Ngwema of the Competition Commission.

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