Two companies have been referred to the Competition Tribunal for increasing prices for certain masks by almost 2,000 per cent.
The Competition Commission says Sicuro Safety and Hennox Supplies has not yet given reasons for the price hikes of almost 2000 per cent.
“The commission contends that Sicuro’s and Hennox’s pricing was a direct reaction to the COVID-19 pandemic and its unprecedented impact on the world in general and South Africa in particular,” the commission said in a statement.
The tribunal has been asked to issue an interdict stopping the companies from implementing further excessive increases.
The commission has also asked the tribunal to impose a maximum penalty.
Earlier this month, the tribunal wrapped up its hearing on mask price hikes by Dis-Chem.
The Competition Commission found that Dis-Chem increased prices on essential hygienic goods, to the detriment of consumers.
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In Other News – #JusticeForBobo – Senior Police Officer allegedly arrested for helping suspects get rid of Bobo’s body
A senior police officer has allegedly been arrested for helping suspects get rid of Andile Bobo Mchunu‘s body. The murder case of Andile Bobo Mchunu opens a can of worms. Police corruption, gross incompetence, and police brutality have been all exposed.
16-year-old Andile Bobo Mchunu disappeared after he was assaulted in Magagula hotel in Hambanathi, Tongaat, North of Durban. Bobo was found dead and dumped in the Newton River in Tongaat. Police search efforts were intensified due to a social media uproar for #justiceforbobo after a video of Bobo being beaten to death emerges. continue reading
Source – eNCA
