The Competition Commission gets ‘excessive pricing’ totally wrong

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
Shoppers queue outside Dis-Chem Pharmacy ahead of a nationwide lockdown for 21 days to try to contain the Covid-19 coronavirus  outbreak. Picture: Siphiwe Sibeko/Reuters
Shoppers queue outside Dis-Chem Pharmacy ahead of a nationwide lockdown for 21 days to try to contain the Covid-19 coronavirus outbreak. Picture: Siphiwe Sibeko/Reuters

The Competition Commission is at it again with its anti-business enforcement of the Competition Act and its “abuse of dominance” provisions that seek to punish successful entrepreneurs.

In the most recent attack on the economy and free enterprise, the prices of another business were deemed “excessive” by the commission.

This conclusion was not demonstrated via market processes like minimal to no demand for the item that is excessively priced, but was rather determined through the pseudo-economics and pseudo-law of the commission and the Competition Tribunal.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
Subscribe
Already a subscriber? Sign in

E-Editions

Read the digital editions of City Press here.
Read now
Voting Booth
With less than two weeks to go to election day, political parties are ramping up their campaigning, bringing out influencers and celebs at their rallies. Do you think bringing out DJs, celebs and musicians will work to win votes?
Please select an option Oops! Something went wrong, please try again later.
Results
I'm not influenced
90% - 142 votes
A gig is gig
6% - 9 votes
Need more of it
4% - 6 votes
Vote