Takealot sellers nailed for alleged price fixing

The Competition Commission has referred two companies selling items through online retailer Takealot to the Competition Tribunal for prosecution over allegations of collusion and price fixing.

“It is alleged that in or around December 2020, Medmart and BabyBug entered into an agreement and/or engaged in concerted practice to fix prices and divide markets by allocating suppliers. This is an offence in terms of sections 4 and of the Act,” the commission said.Competing companies place their products on the platform and, through an algorithm that takes variables such as price and stock availability into account, are then visible to customers on the platform.

“Furthermore, it is alleged that on 3 December 2020, during a telephone conversation between representatives of BabyBug and Medmart, the two companies agreed to manipulate their respective prices in such a manner that they would be able to make a profit selling 3-ply disposable face masks on the platform,” it said.

They also allegedly agreed to alternate the days each would price higher than the other. This meant BabyBug and Medmart would each have a day to charge a higher price, followed by a day to charge a lower price. The switching would be at 17h00 each day.

27 Jan 2023 order vs 30 Jan 2023.

TAKEALOT should also be investigated for this price hiking, Price between November 2022 and January 2023

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As PnP and Takealot inch ever closer, would a merger make sense?
Source: Moneyweb - 🏆 5. / 77 Read more »

Former Takealot manager wanted 'for stealing stock and cash'Police in Emalahleni, Mpumalanga, are seeking the public's assistance to trace a former manager at Takealot accused of stealing stock and cash over the festive season.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Former Takealot manager wanted 'for stealing stock and cash'Police in Emalahleni, Mpumalanga, are seeking the public's assistance to trace a former manager at Takealot accused of stealing stock and cash over the festive season. It serves them right, these so called “hard workers” are not playing, they mean business. It serves them right, they like Zimbabweans too much It serves them right TAKEALOT
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Mpumalanga SAPS offer R20K reward for info leading to arrest of ex-Takealot bossAn ex-Takealot manager is in hot water for having sticky fingers. The man is wanted for stealing parcels and cash worth hundreds of thousands of rands from the e-commerce company. Read more 👇 TakeALot theft
Source: brieflyza - 🏆 10. / 68 Read more »

Deal without Hunters and Savanna unviable, Heineken tells Competition TribunalWitnesses suggested in public and confidential sessions at the hearings the transaction would not go ahead on this basis
Source: BDliveSA - 🏆 12. / 63 Read more »

Top EU Commission official in SA to discuss climate change, renewable energy, health | News24The European Union's representative for foreign affairs and security policy, Josep Borrell is on a tour to South Africa and Botswana. | CdeLENIN CdeLENIN Satafrikans! Please remind this racist amoeba that he recently publicly described Europe as a “beautiful garden” and the developing world - including SA - as a “jungle”. And send him packing… CdeLENIN These people have failed in reaching climate change prevention goals and most of their affiliates are so called first wold countries. If they failed how are we gonna achieve those with a third of the population unemployed? CdeLENIN South Africa is not your stupid play ground for renewables
Source: News24 - 🏆 4. / 80 Read more »