The Competition and Fair Trading Commission (CFTC) has noted with concern reports regarding the proliferation of anticompetitive and unfair business practices emanating from the alleged shortage of sugar on the market. In response to these reports, CFTC conducted snap inspections in selected markets to ascertain these allegations.
During these inspections, the Commission found that some suppliers are engaging in the following malpractices among others:
- Hoarding of sugar at distributor level.
- Exorbitant pricing of the product beyond the recommended retail price.
- Tying the purchase of sugar to the purchase of other products.
- Charging higher prices for sugar while issuing lower valued receipts.
Suppliers, consumers and the general public are, hereby, reminded that the business malpractices involving hoarding, excessive pricing, tying, misleading consumers as to price of a product with the view to take advantage of a situation, are violations of the Competition and Fair Trading Act (CFTA). All suppliers found engaging in such malpractices will be dealt with in accordance with the CFTA
CFTC is also encouraging the general public to be very proactive in reporting any possible violations including the above mentioned malpractices through the following:
• Toll Free Line 2489
• WhatsApp +265 987 738 749
For media enquiries on this statement, contact Innocent Helema on +265 880 725 075 or email innocent.helema@cftc.mw
Lloyds Vincent Nkhoma
EXECUTIVE DIRECTOR