11 Retailers investigated for price hiking amid coronavirus outbreak

11 Retailers investigated for price hiking amid coronavirus outbreak

- Eleven South African retailers are being investigated for price hiking amid the coronavirus outbreak

- They hiked prices on products such as hand sanitisers, face masks and toilet paper

- They are being investigated by the National Consumer Commission and the Competition Commission

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The National Consumer Commission and the Competition Commission is investigating eleven national retail outlets for price hikes on items that are in demand since the coronavirus outbreak.

Such items include hand sanitisers, face masks and toilet paper.

Spar, Clicks, Pick 'n Pay, Checkers Hyper and Makro are among the 11 retailers that are under investigation, according to IOL.

IOL reports that acting consumer commissioner Thezi Mabuza has said the country was in a state of disaster hence they are prioritising these cases.

“With regards to investigations, we have notified the 11 companies of our intention to investigate allegations of excessive price hikes and they have acknowledged our communiqué.”

The affected stores are in Gauteng, Western Cape, KwaZulu-Natal, Free State and Mpumalanga.

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Last week, Trade and Industry Minister Ebrahim Patel published a list of 22 critical products and categories which he instructed both commissions to monitor and ensure no unjustified price increases, reports IOL.

Briefly.co.za previously reported Patel gave South Africans some insight into how things were expected to work during the 21-day lockdown.

Patel explained that only essential service providers will be permitted to go to work when he gave details of which citizens will be exempt from staying at home during the lockdown period.

He said grocery stores, supermarkets and spaza shops will remain open during the lockdown, but he called on people to limit trips to only those for purchasing food and basic goods.

The lockdown was announced by President Cyril Ramaphosa on Monday. It is aimed at curbing the rapid spread of the deadly coronavirus.

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Source: Briefly.co.za

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