JOHANNESBURG, March 24 -- South Africa's Competition Commission was investigating 11 firms for inflating prices and taking advantage of the COVID-19 outbreak, Trade and Industry Minister Ebrahim Patel revealed during a briefing of economic cluster ministers on Tuesday. "The firms have been found to be selling products like face masks, hand sanitizers and other products at high prices and abusing the situation," he said. He said if found to have contravened the laws, the companies could face prosecution and a fine of up to 10 percent of their annual turnover. Patel said the number of firms under investigation could increase. The department last week published a list of 22 products including rice, milk, canned vegetables, hygiene products and medical supplies which would be monitored to ensure there were no unjustified price hikes. Patel said that the government would ensure that food security was "prioritized" even during the 21-day lockdown. Minister of Agriculture Thoko Didiza said that "the department has set aside a package of R1.2 billion (68.1 million U.S. dollars) to address the effects of the coronavirus and ensure sustainable food production." "We are self sufficient. There's no need for panic buying," she said. Patel added that during this period, South Africa would continue trading with other countries especially those within the region. "We will take all steps to keep open all with neighbors to ensure that we have food supply across the region and we come through this together. The movements of goods with our neighbors will not be affected," Patel added. Xinhua
28 comments
… [Trackback]
[…] Read More Info here to that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Info to that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Info on that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Find More on that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Info to that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Information on that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Find More here to that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] There you can find 5735 additional Information on that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Read More Info here to that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Info to that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Read More here to that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Read More Information here to that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Find More on on that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Read More Information here to that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Here you will find 80089 additional Info to that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Read More Info here on that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Info on that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Here you can find 7257 additional Information to that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Information to that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Find More Information here on that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Find More Info here on that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Information on that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] There you will find 68102 more Information to that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] There you will find 39667 more Info on that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Read More Info here on that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Read More Info here to that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Find More here on that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
… [Trackback]
[…] Find More on to that Topic: namibiadailynews.info/s-african-firms-probed-for-inflating-prices-amidst-covid-19-outbreak/ […]
Comments are closed.