Dis-Chem to pay a R1.2m fine and withdraws its appeal against ruling on excessive face-mask pricing
Dis-Chem has withdrawn its appeal against a competition tribunal ruling that it was guilty of excessive face-mask pricing, saying it faced reputational damage and being seen in the same light as those implicated in corruption scandals.
In late February, weeks before the government declared a state of national disaster, Dis-Chem, SA’s second-largest pharmacy chain, increased its prices from R43.47 for 50 masks to R156.95, a 261% increase. Other mask packs increased 43%.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thuli Madonsela calls for meeting with Ramaphosa at online rally against Covid-19 corruptionBlack Business Council boss Sandile Zungu agrees, saying corruption in SA is 'on steroids'
Read more »
Cause of Navalny illness may be unknown for days, aide saysAnti-corruption campaigner critical but stable after being evacuated from Russia to hospital in Berlin
Read more »
The WHO just released specific mask guidance for kidsThe guidance is broken into age groups: kids over 12 should wear masks, kids under 6 shouldn't, and for kids in between, it depends on a few factors.
Read more »
Ramaphosa writes letter to ANC members over corruptionRamaphosa said that in order to win back the public’s trust, the party will have to stop giving positions to people who face corruption charges.
Read more »
Over 20 000 South Africans fined for not wearing a maskIn terms of the act, South Africans can face hefty fines varying between R1 000 and R5 000. The fines also vary from province to province.
Read more »