https://www.engineeringnews.co.za
Industrial
Industrial
industrial

Commission refers first essential goods excessive pricing case to tribunal

15th April 2020

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

The Competition Commission has referred its first case of alleged inflated pricing of essential goods to the Competition Tribunal.

The case was filed by complainants on March 24 and the tribunal intends to hear the matter on April 24.

Since Covid-19 was declared a national disaster by President Cyril Ramaphosa, the commission has received hundreds of complaints related to excessive price increases allegedly imposed by retailers from large to small across the country.

The first case is against Babelegi Workwear Overall Manufacturers & Industrial Supplies for alleged price gouging for facial masks.

The commission, in an investigation, found that Babelegi had increased its prices of facial masks from R41 to R500 a box, equating to a mark-up in excess of 500% between January 31 and March 5.

Additionally, Babelegi’s prices for facial masks increased by at least 888% when comparing the prices charged on December 9 last year to prices charged on March 5, the commission noted.

Babelegi’s supplier is also under investigation for alleged excessive pricing.

A number of other alleged cases are still under investigation by the commission.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

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







sq:0.224 0.28s - 176pq - 2rq
Subscribe Now