Wed, 20 Dec 2017 12:05:23 +0000 By Bennie Mundando THE Competition and Consumer Protection Commission (CCPC) has fined Lafarge cement over K99 million for application of abusive loyalty discounts, price discrimination, and excessive pricing. Chairperson for the board of commissioners Kelvin Fube Bwalya said the commission further directed the company to present proposals within three months on how it will ensure that it complied with the Competition and Consumer Act. Mr. Fube said after an exhaustive investigation by the commission which was initiated in August 2013, it was discovered that Lafarge cement had engaged in the application of loyalty discounts which had lock-in effects and facilitated discrimination among its customers in the market who it had segmented based on trading volumes. He said Lafarge’s pricing discriminated the domestic market against the export market and further applied discriminatory pricing for the Lusaka segment of the Zambian market. He further said the company abused its dominant position […]
