Competition Commission v Sentra Kem Pharmacy CC (CO106Aug20)
Competition Commission v Sentra Kem Pharmacy CC (CO106Aug20) [2020] ZACT 54 (2 September 2020)
The Tribunal confirmed the consent agreement on the basis that Sentra Kem Pharmacy CC's conduct in charging excessive prices for facial masks during the national disaster period may constitute a contravention of section 8(1)(a) of the Competition Act read with Regulation 4 of the Consumer Protection Regulations. The respondent's gross profit margins exceeded the competitive benchmark, and the price increases were not justified by corresponding cost increases. The respondent agreed to pay a contribution to the Solidarity Fund, reduce future margins, implement compliance measures, and circulate…
Source excerpt
- Excessive Pricing
- Covid 19 Regulations
- Dominance
- Consumer Protection
- Gross Profit Margin
- Settlement Agreement