https://newsletter.en.creamermedia.com

Pharmacy receives R25 000 excessive pricing penalty

20th April 2020

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Boksburg-based Centrum Pharmacy, in Gauteng, has been ordered by the Competition Tribunal to donate hand sanitisers, surgical gloves and face masks to the value of R25 000 to two old age homes in the area.

This follows after the commission investigated the firm and found it to be charging excessive prices for face masks since Covid-19 was declared a national disaster.

The commission found that the pharmacy's average mark-up for facial masks in March was more than 100%.

Under the terms of a consent agreement between the commission and the pharmacy, which has been approved by the Competition Tribunal, the pharmacy has also agreed to reduce its mark-up on facial masks with immediate effect for the duration of the state of national disaster.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Research Reports

Showroom

Hanna Instruments (Pty) Ltd
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.272 0.357s - 170pq - 2rq
Subscribe Now