An industrial clothing supplier has become the first company to be found guilty of excessive pricing under the 2019 amendments to the Competition Act and since the start of the global coronavirus pandemic
The Competition Tribunal announced on Monday that Babelegi Workwear and Industrial Supplies was fined R76,040 for inflating prices of dust masks.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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Firm slapped with R76,000 fine for excessive pricing on face masksThis is the country's first contested excessive pricing case in the context of Covid-19, as other companies reached consent agreements with the commission after admitting guilt over excessive pricing.
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Company fined R76,000 for excessive pricing on face masksThe Competition Tribunal on Monday found a Pretoria-based company guilty of hiking the prices of face masks on January 31 and March 5 this year Ja now go find the tobacco profiteers within the ANC and lock them up. Sorry forgot ANC is untouchable they own the police the judiciary and the constitution. Democracy has died public protector rendered toothless by corrupt judiciary. SA is in big trouble. restoreourrights Capitalists
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Oil down as cautious traders await Opec+ meetingPrice falls come after front-month Brent and WTI prices posted their strongest monthly gains in years in May
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Petrol price to increase by R1.18 a litre from WednesdayThe wholesale price of diesel will increase by between 21 and 22 cents per litre, the Energy Department said on Monday. It has started 🤔 When were on standstill PETROL Price reduced twice, now we're on Level 3 NOW Petrol Price increases so basically the price was down BECAUSE there was no DEMAND Paying for CyrilRamaphosa new cattle...use the percentage less fuel than the price goes up x 2 and the Government get less revenue than the existing price
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