The Competition Commission gets ‘excessive pricing’ totally wrong

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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.

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