By Mayamiko Phiri
BLANTYRE-(MaraviPost)-The Competition and Fair Trading Commission (CFTC) has punished eight companies with fines totaling MK6.5 million for unfair trading practices.
CFTC acting executive director Apoche Itimu disclosed this during a press briefing held in Blantyre on Wednesday, April 27, 2022.
The culprits that have been punished including Chipiku Plus, People’s Trading Centre (PTC), Old Mutual Pension Services Limited, Suncrest Creameries Limited, King Steel Limited, Central Poultry Limited and Vanguard Life Assurance.
The unfair trading practices including supply of products likely to cause injury or harm to consumers, misleading conduct and insufficient labeling and misuse of market power.
She further stated that her commission received 15 complaints against some schools and that 13 schools were cleared for any wrong doing.
However, two schools namely Athens Private and Hope Christian were found liable of unconscionable conduct.
Contrary to section 43(1)(g) of the CFTC and commission issued orders for the said schools to cease and desist from engaging in such conducts.
Itimu disclosed also that the commission received complaints against some manufacturer of cooking oil for unreasonable price hike of their products.
She added that investigations are under way that the commission will come out with determination on the matter in the near future.