CFTC fines companies K13.9 million

Competition and Fair Trading Commission (CFTC) has ordered some companies to pay fines and refunds of about K13.9 million for contravening laws governing fair trading in the country.

Speaking during a media briefing CFTC Executive Director Lloyd’s Vincent Nkhoma said the commission received 86 cases which included 72 of unfair trading practices and 14 of anti-competitive business

Nkhoma said CFTC is working on revising the 1998 Act which will enable the commission to start giving stiff punishments to those practicing unfair trading