Competition watchdog sparks outcry over food price hikes criticism
Competition Commission under fire from academics such as Johan Kirsten and agricultural expert Wandile Sihlobo for lack of analysis
29 March 2023 - 20:51
UPDATED 29 March 2023 - 23:20
The Competition Commission has sparked an outcry with its statement on Tuesday that maize meal price hikes in 2021 and 2022 were “opportunistic”.
This suggested retailers were taking advantage of soaring global food prices and inflating profit margins. The commission, which acts as a competition prosecuting authority, investigates collusion and monitors food prices...
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