CNC HEALTH FINED K500 000 FOR EXCESSIVELY PRICING GLOVES

The Commission imposed a fine of MK500,000 to CNC Health for excessive pricing in the supply of 400ml Romeo hand sanitisers, gloves and facemasks and also made an order to issue a warning to the respondent for failure to furnish the Commission with information as required.


An inspection conducted on 21st March 2020 showed that CNC Health of Gateway Mall Complex were charging MK7,500 for gloves against a benchmark price of MK3,000 representing an estimated margin of 150%.


The trader was issued an interim cease and desist order, which required them to provide a written justification for the price which was suspected to be excessive and an infringement of Section 43(1)(g) of the CFTA.


The trader neither formally responded to the interim cease and desist order nor reduced their prices. As a matter of fact, during the follow up inspection conducted on 20th April 2020, the trader raised their prices from MK7,500 to MK8,000 representing an estimated margin of 160%