https://newsletter.en.creamermedia.com
Products
Products
products

Tribunal confirms three more consent agreements related to excessive pricing

10th July 2020

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

The Competition Tribunal has confirmed three more consent agreements relating to Covid-19 excessive pricing complaints.

The Competition Commission had concluded the consent agreements with the three firms after receiving and investigating complaints from the public.

The first consent agreement was entered into between the commission and Green Hygiene, which distributes and supplies washroom dispensers and associated consumables in the away-from-home market.

According to the commission, it received a complaint on March 30 relating to the company’s alleged inflation of 700 ml Betasan auto spray sanitiser dispensers.

In terms of the consent agreement, Green Hygiene agreed to contribute R8 079 to the Solidarity Fund and has also undertaken to, among others, cease excessive pricing conduct as described in the agreement.

The company will also reduce its cost margin on face masks to an agreed maximum percentage for the duration of the state of national disaster and will also implement a competition law compliance programme.

The second consent agreement was entered into between the commission and Eldopark Pharmacy, in Centurion, for alleged excessive pricing of three types of face masks (three-ply loop surgical masks, three-ply KN90 grade surgical masks and FFFP1 masks) during the state of national disaster.

The commission found that the pharmacy’s mark-ups on these products were “unreasonably high”.

In terms of the agreement, Eldopark Pharmacy agreed to, among others, donate R5 500 to the Solidarity Fund, to immediately stop the pricing conduct as described in the agreement and reduce its gross profit margin on face masks to an agreed maximum percentage.

The pharmacy will also implement a competition law programme.

The third consent agreement relates to Mica Barberton, a hardware retail store in Mpumalanga, for the alleged inflation pricing of face masks during March.

In terms of the agreement, Mica will donate R10 000 to the Solidarity Fund and will also desist from pricing conduct as described in the agreement.

Mica Barberton will also immediately reduce its gross profit margin on face masks to an agreed maximum percentage for the duration of the state of national disaster and implement a competition law compliance programme.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Klüber Lubrication
Klüber Lubrication

Klüber Lubrication ensures that the world’s essential systems—drive units, machines, and water flow—operate efficiently, sustainably, and reliably...

VISIT SHOWROOM 
WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer

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:0.088 0.183s - 208pq - 2rq
Subscribe Now