Competitions body against ‘unjustifiable’ sugar price hike

The Competition and Fair-Trading Commission (CFTC) has recommended that the Office of the Director of Public Prosecutions (DPP) should prosecute Illovo Sugar for what it describes as unjustifiable increase in sugar prices in the country.

This comes as people in the country have been complaining for the increased prices of sugar.

Nkhoma: We have our stand clear.

Speaking to MIJ Online, Lloyd Nkhoma Executive Director for CFTC said they want DPP to prosecute Illovo for the reasons of hiking sugar are verge.

According to Nkhoma, reasons by Illovo to increase sugar such as on controlling issues to do with smuggling of goods is not mandated to them hence finding them on a wrong side of the law.

He also indicated that they want Ministry of Trade to meet authorities from Illovo for them to reverse sugar prices which continue to disadvantage people in the country.