South Africa Imposed Emergency Price Controls

South Africa's trade and industry minister, ibrahim patel recently signed The disaster management act which stipulates that ocmpanies must not increase the price of a series of products beyond the cost of producing these products, nor can they increase the profit margins of these products, increase to more than the average price increasze in the three months before March 1 this year.These include: toilet paper, hand sanitizers, masks, disinfectants and cleaners, surgical glove masks, infant formula, disposable diapers, cooking oil, flour, rice, corn flour, pasta, sugar, milk, canned and frozen meant and vand fresh meat, chicken or fish, bottled water, etc.

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