by sundelbolong | May 29, 2020 | Business & Finance News
The Competition Commission has tackled over 1 500 cases of unfair pricing of essential items since the start of the Covid-19 pandemic, and has issued fines of over R13 million in total, according to Commissioner Tembinkosi Bonakele. Bonakele on Friday provided an...
by sundelbolong | May 29, 2020 | Business & Finance News
The fall in the petrol price of recent months is set to come to an end in June, according to the latest projections released by the Automobile Association on Friday. The Association said in a statement that petrol is expected to increase by up to R1.18 a litre. The...
by sundelbolong | May 28, 2020 | Business & Finance News
Mr Price has rejected speculation that it has been looking to acquire retail chain Jet, a unit of struggling fashion giant, Edcon, which recently went into business rescue. “The Group has no intention to acquire Edcon, in part or in whole,” the...
by sundelbolong | May 21, 2020 | Business & Finance News
Retailer Mr Price Group has announced a proposed capital raise of up to 10% of the company’s ordinary issued shares, as the country’s lockdown takes a bite out of revenue. The nationwide lockdown, which was instituted in late March and allowed only...
by sundelbolong | May 20, 2020 | Business & Finance News
Competition Commissioner Thembinkosi Bonakele told Parliament on Tuesday that while 13 settlements worth R12 million have been secured from companies for uncompetitive behaviour and pricing, prosecutions are still pending for price increases as high as 900%. The...
