Transcription of 7.1 INTRODUCTION - nacf.org.za
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7.1 INTRODUCTION - nacf.org.za
8686 Report on proceedings of the THIRD ANTI- corruption SUMMITCHAPTER 7: PRICE-FIXING AND ITS IMPACT ON INTRODUCTION : The media has recently highlighted price- xing and other types of collusion between certain business entities in South Africa. This includes allegations of price- xing on basic foods as well as certain medicines. In the light of world-wide concerns about the high prices of food it raises serious concerns in the South African context where there is a large constituency of economically disadvantaged people. Certain social partners have expressed their disquiet about these issues. The Summit therefore explored this issue from a business perspective and obtained business responses, but more speci cally, responses from the point of view of local communities who are hardest hit by such price increases.
86 Report on proceedings of the THIRD ANTI-CORRUPTION SUMMIT CHAPTER 7: PRICE-FIXING AND ITS IMPACT ON COMMUNITIES 7.1 INTRODUCTION: The media has recently highlighted price-˛ xing and other types of collusion between certain business
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