The first company to be hauled before the Competition Tribunal for prosecution over hiking Covid-19 face mask prices by nearly 1 000% was left surprised. Day22OfLockdown
Johannesburg - The first company to be hauled before the Competition Tribunal for prosecution over hiking Covid-19 face mask prices by nearly 1 000% was left surprised, as it claimed to have demonstrated it was not guilty.
Commission spokesperson Sipho Ngwema said they were inundated with hundreds of complaints from consumers about the prices of certain essential goods, and food items rocketing since the start of the outbreak. “Mark-ups significantly dropped after March 18, allegedly after the supplier increased input prices. The supplier is now also under investigation for excessive pricing. Facial masks fall under the category of ‘medical and hygiene supplies’, and have been identified as essential goods for the prevention and escalation of the Covid-19 pandemic,” Ngwema pointed out.
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