Finding upheld against firm for excessive profiteering on sale of masks
Competition appeal court rules that minimal harm was caused and overturns fine previously imposed on Babelegi
19 November 2020 - 19:32
The competition appeal court has upheld the first case of excessive pricing in its history against an industrial supplier that sold 76 boxes of dust masks at an average mark-up of 500% in the wake of the coronavirus pandemic.
Babelegi Workwear & Industrial Supplies, north of Pretoria, sold dust masks from January 31 to March 5 with profit markups ranging from 107% to as much as 1,120% to fewer than 20 customers in total. ..
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