
Dis-Chem fined R1.2m for hiking prices
By Sifiso Zulu for EWN
The Competition Tribunal has found Dis-Chem pharmacies guilty of contravening the Competition Act by selling surgical face masks at excessive prices during the Covid-19 pandemic.
The retail group has been ordered to pay an administrative penalty of over R1 million.
Dis-Chem is alleged to have hiked the price by between 43% and 261%.
The tribunal said that the company abused its dominance when it hiked the prices.
Dis-Chem is appealing the ruling.
Tags: Competition Commission, fine, guilty, price hikes