{"id":47568,"date":"2023-06-21T11:45:46","date_gmt":"2023-06-21T11:45:46","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/nacc-encourages-public-to-report-price-exploitation"},"modified":"2023-06-21T12:01:39","modified_gmt":"2023-06-21T12:01:39","slug":"nacc-encourages-public-to-report-price-exploitation","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/nacc-encourages-public-to-report-price-exploitation","title":{"rendered":"NaCC encourages public to report price exploitation"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>The Namibian Competition Commission has encouraged the public to report suspicious price exploitations by some retailers, amidst continuous food and goods price increases.<\/p>\n

In a recent interview with Nampa, NaCC spokesperson Dina ||Gowases said retailers in Namibia are not subjected to price caps as they operate in a space where the market dictates the ultimate price, noting, however, that in events where retailers collaborate to increase the prices of goods and services, the commission may intervene to investigate possible collusive conduct.<\/p>\n

\u201cThere are isolated circumstances where some retailers may have a competitive advantage over others such as retailers that are in gated communities or alone in a specific town or location… In this instance, such a retailer may be inclined to raise prices to the detriment of consumers as it faces no competition in that area,\u201d said ||Gowases.<\/p>\n

She explained the commission can only ensure fair price competition and consumer choices through monitoring prices of goods and services in the market when it receives complaints or information from the general public.<\/p>\n

||Gowases emphasised that NaCC does not prescribe prices that should be charged and only intervenes when it is suspected that prices are excessive.<\/p>\n

\u201cWhen suspected excessive prices are reported, it may then carry out a price-cost test to determine reasonability. General price increases are usually regulated at the macroeconomic level, through instruments such as the monetary policy which is the custodian of the Bank of Namibia,\u201d she noted.<\/p>\n

She further indicated that about 20 large supermarkets in various locations across Namibia were reported to the commission in 2020 during the Covid-19 outbreak for price exploitations up to 600%.<\/p>\n

Preliminary cost analyses, however, found that most cases were a result of imported limited supply and high transportation costs due to global oil price increases.<\/p>\n

||Gowases noted that the commission\u2019s main challenge is the competition jurisprudence which is still in its infancy stage, adding that certain conduct is not always detectable as it is done in secrecy.<\/p>\n

\u201cNaCC wishes to encourage the public to report any potential anti-competitive behaviour in any sector of the Namibian economy. NaCC has a Corporate Leniency Programme where firms that have been engaging in collusive behaviour can self-report and be afforded leniency for their conduct,\u201d she said.<\/p>\n

Source: neweralive<\/b><\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. The Namibian Competition Commission has encouraged the public to report suspicious price exploitations by some retailers, amidst continuous food and goods price increases. In a recent interview with Nampa, NaCC spokesperson Dina ||Gowases said retailers in Namibia are not subjected to price caps as they operate in a space where the market […]<\/p>\n","protected":false},"author":84,"featured_media":47567,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-47568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nNaCC encourages public to report price exploitation - Namibia<\/title>\n<meta name=\"description\" content=\"The Namibian Competition Commission has encouraged the public to report suspicious price exploitations by some retailers ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/nacc-encourages-public-to-report-price-exploitation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NaCC encourages public to report price exploitation\" \/>\n<meta property=\"og:description\" content=\"The Namibian Competition Commission has encouraged the public to report suspicious price exploitations by some retailers ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/nacc-encourages-public-to-report-price-exploitation\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-21T11:45:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-21T12:01:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/06\/sm_1687336240.140155.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"496\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nacc-encourages-public-to-report-price-exploitation#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nacc-encourages-public-to-report-price-exploitation\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NaCC encourages public to report price exploitation\",\"datePublished\":\"2023-06-21T11:45:46+00:00\",\"dateModified\":\"2023-06-21T12:01:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nacc-encourages-public-to-report-price-exploitation\"},\"wordCount\":390,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nacc-encourages-public-to-report-price-exploitation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/06\/sm_1687336240.140155.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/nacc-encourages-public-to-report-price-exploitation#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nacc-encourages-public-to-report-price-exploitation\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nacc-encourages-public-to-report-price-exploitation\",\"name\":\"NaCC encourages public to report price exploitation - 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