Companies pay R14m in fines as Competition Commission comes down hard on Covid-19 price gougers

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Since the national state of disaster was announced on March 17, the commission has received 1 592 complaints against businesses, suppliers and pharmacies alleged to have charged excessive prices for Covid-19-related products. Picture: iStock
Since the national state of disaster was announced on March 17, the commission has received 1 592 complaints against businesses, suppliers and pharmacies alleged to have charged excessive prices for Covid-19-related products. Picture: iStock

BUSINESS

Companies that have been investigated or found guilty of price increases of as much as 1 918% for essential Covid-19-related products have already paid more than R14.05 million in fines.

Of this, R5.5 million has been donated to the Solidarity Fund and more than R508 000 worth of essential goods have been donated, said the Competition Commission this week.

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