https://www.engineeringnews.co.za

Commission refers another case of excessive pricing to the tribunal

28th May 2020

By: Tasneem Bulbulia

Deputy Editor Online

     

Font size: - +

The Competition Commission has referred, to the Competition Tribunal for prosecution, a case against an industrial chemicals company, Caprichem, for alleged excessive pricing during the State of National Disaster.

This follows an investigation by the commission, which found that Caprichem allegedly charged excessive prices on 5 ℓ hand sanitisers to the detriment of customers and consumers in contravention of the Competition Act read with Regulation 4 of the Consumer Protection Regulations.

Caprichem, a manufacturer of industrial chemicals based in the Western Cape, supplies different types of chemicals for cleaning and surface treatment to various industries such as the automotive, construction, hospitality, laundry, personal care and food and beverage sectors.

The commission received complaints from the public against Caprichem for engaging in alleged excessive pricing on a 5 ℓ hand sanitizer from March.

The commission found that Caprichem had increased its prices of 5 ℓ hand sanitiser from R262 to R527.

This increase constitutes a 91% increase in gross profit margin and a 1 918% increase in net profit margin.

The commission has asked the tribunal to impose a maximum penalty against Caprichem.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.044 0.795s - 122pq - 2rq
Subscribe Now