Suppliers of essential items should weigh price increases carefully

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South Africa Headlines News

Competition commission rulings spark debate over whether demand-induced hikes should be prohibited

The recent civil unrest created unfortunate scenes of consumers queuing for basic foods. In such a crisis, competition authorities are mindful that suppliers may be able to take advantage of vulnerable consumers by charging significantly higher prices, despite the underlying costs not changing to the same extent.

In SA, consumer protection regulations were promulgated at the beginning of the Covid-19 pandemic.

 

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