Dis-Chem has withdrawn its appeal against a competition tribunal ruling that it was guilty of excessive face-mask pricing, saying it faced reputational damage and being seen in the same light as those implicated in corruption scandals.

In late February, weeks before the government declared a state of national disaster, Dis-Chem, SA’s second-largest pharmacy chain, increased its prices from R43.47 for 50 masks to R156.95, a 261% increase. Other mask packs increased 43%...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now