South Africa: Companies Cash in On Covid-19

analysis

As South Africa's hard lockdown restrictions begin to ease, it is becoming clear that many companies used the pandemic as an opportunity to profiteer. The Competition Commission received over 800 complaints about pricing during the lockdown period. So far, these complaints have resulted in almost 30 convictions and settlements, with millions of rands in fines levied.

The guilty parties have ranged from mom-and-pop pharmacies to national chains such as Food Lover's Market.

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