Pick n Pay agrees to cap ginger and garlic prices Updated
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Pick n Pay has agreed to cap its gross profit margin for ginger and garlic until next month.
Source: Pixabay
The supermarket chain store came under fire last year after it emerged that the prices for lemon, ginger and garlic had risen by more than 300%.
But the Competition Commission slammed the increase in prices for basic goods, adding that the high demand did not justify exorbitant prices.
In the interest of seeking a pragmatic and constructive resolution of the issues raised by the Competition Commission in respect of the affordability of the price of ginger and garlic, Pick n Pay was the first to sign a Memorandum of Agreement, and undertook, for the period covering 28 January 2021 to 1 April 2021: not to increase its corporate stores gross profit margin on these products, said the commission s acting spokesperson Siyabulela Makunga.
Pick n Pay to cap garlic and ginger prices
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Ginger and garlic prices, retail profits limited says Pick n Pay
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Supplier accused of charging government excessive prices for tongue depressors during Covid-19 agrees to credit the National Health Laboratory Services for overcharge
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