SOUTH AFRICA - WE'RE BEING ROBBED! COMPETITION COMMISSION FINES COMPANIES FOR INFLATING FACE MASK PRICES BY OVER 900%!
Two major South African companies supplying masks have agreed to pay R1.7 million to the Competition Commission for charging excessive prices in breach of COVID-19 regulations.
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.
As part of their penalty, the two companies have also agreed to pay a contribution of R200,000 towards the Solidarity Fund and immediately desist from the excessive pricing conduct.
via - EWN
SOUTH AFRICA - WE'RE BEING ROBBED! COMPETITION COMMISSION FINES COMPANIES FOR INFLATING FACE MASK PRICES BY OVER 900%!
Reviewed by MHM Marketing & Design
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17:05:00
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Reviewed by MHM Marketing & Design
on
17:05:00
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