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Dis-Chem fined R1,2million after long-awaited guilty verdict on charging excessive prices during COVID-19
- 10 July 2020
- Accounting
- South African Accounting Academy
The Tribunal has ordered that Dis-Chem is liable to pay an administrative penalty (a fine) of R1 200 000 (one million two hundred thousand rand).
In its order and reasons, the Tribunal has found that Dis-Chem contravened section 8(1)(a) of the Competition Act (the Act) in that it charged an excessive price for three types of surgical face masks (SFM 50, SFM 5 and Folio50) to the detriment of consumers during March 2020.
The Tribunal’s reasons will be available publicly in due course.
Click here to access the press release with more details on the Tribunal’s website.
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