Cape Town company agrees to pay R600,000 for excessive pricing of hand sanitser
Caprichem, a Cape Town-based company, has agreed to pay a R500,000 penalty and R100,000 contribution to the Solidarity Fund for charging excessive prices for 5L hand sanitisers.
The Competition Commission's head of legal services Bukhosibakhe Majenge shares the findings and what led to the settlement.
Essentially this matter relates to a complaint of price gouging concerning the pricing of a 5 litre hand sanitiser. Essentially what the commission found was that shortly after the declaration of the state of disaster by the president, Caprichem increased the pricing of its 5-litre hand sanitisers from R 262 to R 527. This increase was without any cost justification whatsoever.Bukhosibakhe Majenge, Head of legal services - Competition Commission
Caprichem has now agreed to pay a penalty of half a million as well as a cash donation to the Solidarity Fund in the amount of R100,000.Bukhosibakhe Majenge, Head of legal services - Competition Commission
Click on the link below to hear more...
Philanthropist Carolyn Steyn has once again inspired the nation to knit scarves in their annual scarf initiative.Read More
Gauteng Health MEC reflects on the province's preparedness to fight the spread of COVID-19 while being the epicentre.Read More
702 and Cape Talk have made some fresh line-up changes and you can submit your questions by tweeting #30minuteswith.Read More
Listeners on The Clement Manyathela Show discuss Health MinisterZweli Mkhize's warning about the coronavirus surge.Read More
The power utility has urged people to reduce electricity usage as the possibility of power cuts during evening peak is very high.Read More
The 80-year-old passed away over the weekend at Park Lane hospital in Johannesburg.Read More
The Department of Health announced on Wednesday that South Africa now has 106,842 recoveries.Read More
Eyewitness News reporter Babalo Ndenze details Health Minister Zweli Mkhize's executive statement to the National Assembly.Read More
Ask Africa CEO and founder Andrea Redemeyer shares more on the findings.Read More
Gauteng Health MEC Bandile Masuku joined Joanne Joseph on the Afternoon Drive for an update on the department's response.Read More