Legal Articles and Guides
Among a host of decisions announced bt the Competition Tribunal yesterday, it says it has found Dis-Chem guilty of charging excessive prices for surgical face masks to take advantage of heightened demand during the Covid-19 pandemic, and has ordered it to pay R1.2m.
The Competition Tribunal has found a Pretoria-based company guilty of hiking the prices of face masks. Babelegi Workwear and Industrial Supplies CC was fined R76 000, according to TimesLIVE.
The restructuring of SA’s third-largest mobile operator, Cell C – which will result in a change in shareholders – has been approved by the Competition Commission.
Dis-Chem has entered into a conditional arrangement to buy Baby City from its founder shareholders, the Aronoff family, for R430m.
The law still needs to be followed even during the ‘terrible time’ of the coronavirus pandemic, lawyers for Dis-Chem and another firm charged with excessive pricing have argued in their defence, says a Business Day report.
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, says a TimesLIVE report.
Dis-Chem, answering a case of price gouging, has accused the Competition Commission of ‘scapegoating’ the pharmaceutical retailer to show the public that it can prosecute excessive pricing as the country battles the coronavirus pandemic.
Trade & Industry Minister Ebrahim Patel is under pressure to explain to Parliament the rationale behind restricting e-commerce at a time when many countries are embracing online platforms as part of measures to restrict movement of people to curb the spread of the coronavirus, says a Business Day report.
MTN SA has finally reached a consent agreement with the Competition Commission over data prices, more than six weeks after rival Vodacom did the same.
The Competition Tribunal has issued an order instructing SA Breweries (SAB) to set aside a portion of its BEE scheme’s top-up benefits for former employees, pending the outcome of the final determination of a Competition Commission investigation.
The Competition Appeal Court has given the Competition Commission 40 days to panel beat allegations of currency manipulation by 16 non-SA domiciled banks into a case that will pass legal muster.
Recently enacted buyer power and price discrimination provisions of the Competition Act and regulations governing these will have a significant effect on SA businesses on the buyer and supplier sides.
Standard Bank’s attempts to obtain and review evidence gathered against it in relation to charges of currency manipulation and collusion have been turned down by the Constitutional Court.
Four out of every five e-hailing operators are working without valid licences, according to a key finding of the Competition Commission, which has released its two-part provisional report after its inquiry into the public passenger transport market, and e-hailing and metered taxi services.
Trade unions emerged as the big winners after the Competition Tribunal ruled yesterday that Clover Industries has to reduce the number of jobs it is cutting as part of its restructuring. According to a Business Day report, the tribunal ruled that the number of employees retrenched has to be reduced to a maximum of 277 from the 516 first proposed by Clover.