A pharmacy group accused of charging excessive prices for face masks and hand sanitisers at its Nelspruit and Pretoria branches has agreed to pay a R30,000 fine and make a donation to the solidarity fund for Covid-19.
The agreement to pay a R30,000 fine and the R3,875 donation are two consent agreements that the Van Heerden Group reached with the Competition Commission.
In terms of the consent agreements, the pharmacy group has also agreed to reduce its gross profit margins for these essential products for the duration of the national state of disaster. The commission investigated and concluded that there was no justification for significant price increases for face masks effected between February and March 2020.
The commission said the Pretoria branch sold two types of hand sanitiser before the pandemic but later started selling an additional eight types.
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.
Break these lockdown rules and you can expect a R5,000 fineAnyone who breaks the lockdown regulations could be liable for an admission of guilt fine of as much as R5,000.
Read more »
Seven arrested as police seize 91 Sassa cards and nearly R200,000 cashTshwane metro police arrested seven people for alleged Sassa card fraud.
Read more »
Break these lockdown rules and you can expect a R5,000 fineAnyone who breaks the lockdown regulations could be liable for an admission of guilt fine of as much as R5,000.
Read more »
Break these lockdown rules and you can expect a R5,000 fineAnyone who breaks the lockdown regulations could be liable for an admission of guilt fine of as much as R5,000.
Read more »
Seven arrested as police seize 91 Sassa cards and nearly R200,000 cashThey are expected to appear in court soon after being arrested at the Kolonade mall in Montana Park on Wednesday.
Read more »
Sars says over 20 000 people were retrenched in AprilThe SA Revenue Service will recover up to R285 billion less in projected taxes this year, because of the Covid-19 pandemic crisis. TheCapeArgus day41oflockdown
Read more »