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Global Statistics

All countries
695,781,740
Confirmed
Updated on September 26, 2023 9:04 pm
All countries
627,110,498
Recovered
Updated on September 26, 2023 9:04 pm
All countries
6,919,573
Deaths
Updated on September 26, 2023 9:04 pm

Global Statistics

All countries
695,781,740
Confirmed
Updated on September 26, 2023 9:04 pm
All countries
627,110,498
Recovered
Updated on September 26, 2023 9:04 pm
All countries
6,919,573
Deaths
Updated on September 26, 2023 9:04 pm

Dis-Chem fined R1.2 million after losing price gouging case for surgical masks | Fin24

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  • Pharmacy chain Dis-Chem has been found guilty of price gouging and fined R1.2 million.
  • The competition watchdog received complaints about excessive pricing for face masks. 
  • The Competition Tribunal described the prices as “utterly unreasonable”. 

Pharmacy chain Dis-Chem has been found guilty by the Competition Tribunal of price gouging, and fined R1.2 million, for hiking the cost of surgical face masks at the start of the Covid-19 pandemic. 

The case was referred to the tribunal by the Competition Commission in April, after the competition watchdog received complaints from the public about excessive pricing for masks. 

During a hearing before the tribunal in May, Dis-Chem argued it has been forced to hike prices because of disruptions in supply, as well price increases by suppliers. It claimed that its competitors had followed suit.

  • READ | Dis-Chem hiked mask prices before costs escalated, says Commission

But the tribunal nevertheless ruled that the pharmacy chain contravened the Competition Act by charging excessive prices for three types of surgical face masks  – SFM 50, SFM 5 and Folio50 – which was to the detriment of consumers during March. 

The commission managed to demonstrate that Dis-Chem exerted market power by “increasing its prices to significant levels” during the pandemic.”One such increase took place on the very day that South Africa’s first Covid-19 case was announced,” the tribunal noted. 

Dis-Chem had failed to show the price increases were reasonable, it added. 

“In our view, Dis-Chem’s massive price increases of surgical masks during the complaint period … are utterly unreasonable and reprehensible,” it said. “Poorer customers would have been excluded from accessing the masks by such exorbitant increases, other customers would have spent more on these items as a percentage of their disposable income.”  

The tribunal said it would publish its comprehensive reasons for its decision in due course.

Read More

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City of Cape Town urges people to leave Kataza the baboon alone

Kataza the baboon. Facebook / Baboon Matters The City of Cape Town has asked the public not to feed a baboon that has relocated to Tokai. The baboon, known as Kataza or SK11, is slowly being integrated into the Tokai troop. Video footage, however, shows humans feeding Kataza. The City of Cape Town has requested that Kataza…

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City of Cape Town urges people to leave Kataza the baboon alone

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