The price of a Covid-19 test has been dropped from R850 to no more than R500 after the Competition Commission found that companies involved in the tests were exploiting consumers with their pricing.
On Sunday, the Competition Commission announced that it has reached a ground-breaking agreement with two major laboratories Du Buisson Kramer Swart Bouwer Incorporate and Lancet Laboratories for the substantial reduction of the PCR tests for Covid-19 following investigations into their pricing.
Commissioner Tembinkosi Bonakele said the investigations were initiated by a complaint received from the Council for Medical Schemes against private pathology laboratories alleging that the price for supplying PCR tests for Covid-19 was unfairly inflated, exorbitant and unjustifiable. Bonakele said investigations showed that since the pandemic began, the costs of test have been declining due to the technology improving.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LIVESTREAM: COVID-19 PCR test price announcementThe Commission received a complaint in October from the Council for Medical Schemes.
Read more »
COVID-19 PCR test price reducedAmpath and Lancet have agreed to reduce the price of COVID-19 PCR tests.
Read more »
Signs Europe’s latest Covid-19 surge is levelling offDespite signs of progress, contagion rates are still at high levels and governments are staying alert
Read more »
Covid-19 update: 27 million vaccine doses administered in SASouth Africa has also reported a total of 3.112,469 positive cases of Covid-19, with 19,018 new cases reported in the past 24 hours.
Read more »
COVID-19 in SA | Western Cape enters fourth waveThe Western Cape currently has close to 11,000 active cases.
Read more »
WHO exec: donated Covid-19 vaccines with short shelf life 'major problem'Wealthy countries donating Covid-19 vaccines with a relatively short shelf life has been a 'major problem' for the COVAX dose sharing programme, a senior official at the World Health Organisation said on Thursday.
Read more »