Cambridge Food Jozini: Pandemic or not, the price-gouging continues

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The Competition Commission has fined Cambridge Food Jozini for hiking the price of its maize meal during April

A northern KwaZulu-Natal retailer that hiked its maize meal price without a corresponding increase in costs early on in the Covid-19 pandemic is the latest business to be nailed by the Competition Commission for price gouging.

The retailer reached an agreement with the commission last week, in terms of which it agreed to limit the gross profit on its 25kg maize meal for the duration of the state of national disaster. Cambridge Food Jozini also agreed to donate essential goods valued at R24 947 to Siyaphambili Qondile home-based care project 1.

In a statement, the commission said it had concluded 30 investigations to the value of R15.8-million into price gouging since the lockdown began. A total of R5.5-million had been donated to the Solidarity Fund by offenders, while goods valued at R551 000 had been donated to affected communities.

 

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