https://www.engineeringnews.co.za
Africa|Fire|PPE|Equipment|Products
Africa|Fire|PPE|Equipment|Products
africa|fire|ppe|equipment|products

PPE supplier agrees to pay R6m fine, R5m Solidarity Fund contribution

29th April 2020

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

The Competition Tribunal is reviewing a consent agreement referred to it by the Competition Commission against a distributor of face masks and personal protective equipment (PPE) that it said had implemented excessive price inflation.

In terms of the consent agreement, Matus agreed to pay an administrative penalty of R5.9-million after it admitted to inflation of its gross profit margins with regard to essential hygiene products.

The company also agreed to contribute R5-million to the Solidarity Fund, which serves as South Africa’s consolidated platform for contributions towards fighting the Covid-19 pandemic.

Matus further confirmed that it would reduce its gross profit margin on dust masks to acceptable levels for the duration of the state of national disaster and that other products’ profit margins would not be increased above what was applicable in mid-February.

The commission has concluded numerous consent settlements with small, independent retailers and pharmacies related to price increase complaints since Covid-19 hit South Africa.

Matus supplies and distributes PPE such as dust masks (including FFP1 and FFP2 masks), overalls, hand sanitisers, fire protective gear and first aid kits, besides others.

These are procured from local and overseas manufacturers. The company has offices in Johannesburg, Cape Town and Durban, as well as satellite branches in Port Elizabeth and Mbombela.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

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:0.071 0.118s - 144pq - 2rq
Subscribe Now