Statistics Act, 1999
R 385
Competition Act, 1998 (Act No. 89 of 1998)RegulationsConsumer and Customer Protection and National Disaster Management Regulations and Directions4. Excessive Pricing |
| 4.1. | In terms of section 8 (1) of the Competition Act a dominant firm may not charge an excessive price to the detriment of consumers or customers. |
| 4.2. | In terms of section 8 (3)(f) of the Competition Act during any period of the national disaster, a material price increase of a good or service contemplated in Annexure A which— |
| 4.2.1. | does not correspond to or is not equivalent to the increase in the cost of providing that good or service; or |
| 4.2.2. | increases the net margin or mark-up on that good or service above the average margin or mark-up for that good or service in the three month period prior to 1 March 2020, |
is a relevant and critical factor for determining whether the price is excessive or unfair and indicates prima facie that the price is excessive or unfair.
