Blaming retailers and food producers for price rises does not appear to have a basis in reality
The Competition Commission’s media team criticised food price hikes as unfair and greedy in a press release, without reading their own report, which did not support such claims.
If the commission’s press release accusations are not factual and insufficient evidence is provided, why launch the attack? Blaming retailers also takes the heat off the government when infrastructure collapse and blackouts add to costs. Another criticism is that the analysis is too simplistic. It looks at price increases of three products — when retail stores sell thousands. It ignores initiatives such as the 1-million R5 bread loaves sold weekly by Shoprite at the same price since 2017.
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