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Malawi: Companies Fined For Unfair Trade Practices

  • Malawi has slapped various degrees of fines on farm input suppliers Farmers World and Peacock Seed Enterprises Limited and used car dealer, Be Forward Company (Malawi) Limited, amongst others for engaging in unfair and anti-competitive business practices.
  • Others are Eazy Borehole Drillers, Naheed Supermarket, Health and Beauty Care Pvt. Ltd, Dairibord Malawi Limited, SANU Mobile Ltd, Total Electronics Ltd, HMS Foods and Grains Ltd and Intercape Bus Services.
  • The fines were imposed by Competition and Fair Trading Commission (CFTC)

In a press statement issued on Tuesday, CFTC says it fined Farmers World for supplying an uncertified product to its customers in Kasungu. The determination followed shop inspections, which the Commission conducted at Farmers WorldKasungu Branch on 19th September, 2019.

The statement says during the inspections, the Commission found that Farmers World was stocking “PERFECT Scones and Mandasi Flour” without labels to show that the product was certified by Malawi Bureau of Standards.

Continue reading. . .

SOURCE: Nyasa Times | PHOTO: Getty Images/iStockphoto

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