The Competition and Consumer Protection Commission (CCPC) says it has continued with its investigations regarding suspected cartel conduct by some players in the cement manufacturing industry.
CCPC Director Restrictive Business Practices, Luyamba Kapembwa says the commission has continued to receive complaints and quarries from members of the public on suspected cartelistic conduct in the cement sector relating to alleged price fixing.
“To this effect, the commission would like to update the general public that it has continued investigations of the suspected cartel against Lafarge Zambia PLC, Dangote Cement Zambia, Zambezi Portland Cement and Mpande Limestone Ltd,” she said.
Mrs Kapembwa told ZANIS in Lusaka yesterday, that the commission will undertake more interviews with persons and enterprises of interest and will continue to employ its robust investigative techniques in order to fully determine the case.
She further urged members of the general public who may have information on any cartelist conduct that may be occurring in any sector of the economy to contact the commission.
Cement prices have continued to fluctuate on the market fetching around K120 and K130 per 50 kilograms.
Is the CCPC effective?
Eggzalent stuff. Get them please !
The main mission of business everywhere in the world is to make profit. The extent to which these companies can go to make this profit varies tremendously. Just across the borders in SA several companies have been fined on various occasions. The cartels of ranging from price fixing to outright siphoning of foreign currency out of the system etc. What is going to be interesting is whether or not our agents (inspectors) fall for bribes or not. Otherwise the Competition commission needs to rise above board and do its work for the benefit of the Zambian people. It is difficult to justify the current cement price rise. Whatever the reason(s), the consumers need to know the truth.
There is no cartel just agree that the kwacha has fallen against the dollar more than 1000 folds. Dont run away from this known fact. Its all about the cost of running businesses that rely on the dollar rate and nothing to do with cartels.
Fighting shadows like headless chickens.
Disaster!!!
These investigations should be extended even to livestock feed
These investigations should be extended even to livestock feed as prices have gone to high too.
Cement prices are rising because the raw material Gypsum which was being sourced locally is now being sourced from across borders in USD. Given the depreciation of the Kwacha against dollar, the prices too keep rising.
all commodities have became expensive its not only cement