- Babelegi Workwear was fined R76 000 earlier this year for hiking up mask prices.
- The price of a box of face masks skyrocketed from R41 to R500 per box.
- The commission found that the price had increased by 888%.
The Competition Appeal Court (CAC) dismissed an application by a face mask supplier to appeal a decision by the Competition Tribunal which found it guilty of hiking up mask prices.
In June, Babelegi Workwear and Industrial Supplies CC, based in Gauteng, was fined R76 000 after the tribunal found that it had increased the price of masks from R41 per box to R500 per box.
The tribunal also found that Babelegi's March 2020 prices for face masks had increased by at least 888% when compared to prices charged in December 2019.
In its judgment, the CAC said:
Competition commissioner Thembinkosi Bonakele said they felt vindicated by the CAC judgment.
"The judgment by the CAC vindicates the commission's proactive stance on investigating and prosecuting excessive prices during the advent of the Covid-19 pandemic," said Bonakele.
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