The Competition and Fair Trading Commission (CFTC) has resolved cases relating to unfair trading practices, anti-competitive business conducts and mergers and acquisitions and fined Castel Group Malawi Limited for wrongdoing.
A statement signed by CFTC executive director Wezi Malonda said it considered and adjudicated over 35 cases of which 23 were on alleged unfair trading practices, five on alleged anti-competitive trade practices while seven were on mergers and acquisitions.
The commission has ordered Castel Malawi, formerly Carlsberg Malawi Limited, to pay a fine of K35.4 million for supplying the market with products likely to cause harm to consumers and K500 000 for supplying products containing foreign objects
Reads the statement in part: “The commission concluded that the defective batches of the product failed to comply with prescribed consumer safety standards in violation of Section 43 (1) (e) of the Competition and Fair Trading Act which prohibits manufacturers from supplying products likely to cause injury to health or physical harm to consumers.”
Castel Malawi spokesperson Titha Mbilizi said when contacted yesterday the company’s management was yet to discuss on the matter.
CFTC has also fined People’s Trading Centre (PTC) K500 000 for misleading conduct after price tags on frozen chickens at People’s Supersave in Lilongwe were different from those displayed at the till.
The commission has adjourned to a later date Multichoice Malawi case of quoting their products in foreign currency without authorisation.