Trade and Industry Minister Ebrahim Patel said the competition commission has received over 500 complaints against companies suspected of hiking prices during the lockdown.
The competition commission is currently investigating these cases, which also include possible price collusion during the coronavirus pandemic.
Patel said the government is worried about those using this time as a means to make profits unscrupulously.
Government has warned retailers against hiking their prices during the lockdown.
The trade and industry minister said some companies have already being accused of price collusion.
“The Competition Commission and the Consumer Commission are investigating have received just over 500 complaints of excessive pricing or unjustified price increases. These are now being acted on.”
He said if found guilty, they will be severely punished.
“We will not hesitate to have these companies charged criminally under the legislation. They will be put in jail if they are found to be guilty.”
The minister said South Africans need to work together towards one goal which is to defeat COVID-19 and within the next three weeks.
In other news – Thuli Phongolo shows off Curves in sexxy Lingerie – Pictures
Amidst this tough time at least if we get to see such sexxy things on a regular basis until the 21-days lockdown is done, it will be the best thing that has ever happened to us.
Mzansi actress Thuli Phongolo went from an innocent girl on your favorite local soapie to social media baddie overnight and she’s been heating up the Instagram streets like it’s no body’s business. continue reading
Source: EWN
