Competition Commission punishes Gauteng-based pharmacy for excessive pricing of protective face masks
A Gauteng-based pharmacy has been penalised by competition authorities for charging excessive prices for facial masks, making it the first retailer to be sanctioned for such a transgression during the lockdown.
The Competition Commission, a key statutory body mandated to investigate and evaluate restrictive business practices and abuse of dominant positions, recently launched a probe into Centrum Pharmacy and found, among others, that the pharmacy’s average mark-up for facial masks in March 2020 was above 100%, which is significantly above its average mark-up on “non-essential” products that it has maintained over time.
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